Reshoring Semiconductor Manufacturing
So where in the world do you think semiconductor manufacturing is increasing the fastest? OK, Taiwan, that was pretty easy. But in second place, with over 20% of the world's semiconductor equipment capital investment is the US. Growing faster than Europe, China, Japan and equal with Korea.
This was not the case half a dozen years ago. Intel was building its first fab in China at Dalian. AMD was ramping Dresden (Germany). Most semiconductor companies were transitioning to fab-lite models with modern processes being manufactured in Asia, and old fabs being milked using non-leading-edge processes. It seemed inevitable that semiconductor manufacturing would mostly be outsourced just like most other manufacturing.
And then suddenly it wasn't.
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