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Semiconductor & Circuit Manufacturing in the US Industry Data and Analysis
The semiconductor manufacturing industry is a cornerstone of the US economy and national security, underpinned by substantial capital investment, technological leadership and deepening international partnerships. Domestic production costs consistently exceed those in Asia due to higher labor expenses, more expensive fab construction and the premium required to attract scarce process engineers and technicians. Over the five years to 2026, industry revenue has grown at a CAGR of 2.2%, reaching $77.3 billion in 2026, with a 3.0% increase during 2026 driven primarily by surging AI chip demand and rising semiconductor prices. However, profit as a share of revenue has declined over this period as tariff costs, escalating R&D spending, rising wages and the capital intensity of advanced node fabrication have outpaced pricing gains for much of the industry.Despite reshoring activity accelerating over the past five years, the center of gravity for chip manufacturing remains in East and Southeast Asia, where mature supply ecosystems, lower labor costs and decades of accumulated process expertise continue to attract the majority of global wafer production. The US share of global fabrication has begun to shift, however, driven by the CHIPS Act's $33.0 billion in grants and loans, the 25.0% advanced manufacturing investment tax credit and the Trump Administration's trade measures, including 50.0% tariffs on Chinese semiconductors and a 25.0% tariff on advanced computing chips. TSMC's $165 billion Arizona commitment and Samsung's $44.0 billion Texas campus represent the most significant foreign manufacturing investments in US history. Through 2031, industry revenue is expected to grow at a CAGR of 2.8%, reaching $88.8 billion. The completion of major fab projects from TSMC, Samsung and Intel will be the primary capacity driver, with the US projected to hold 22.0% of global advanced semiconductor capacity by 2030. However, project delays, a workforce shortfall projected to exceed one million globally by 2030 and tariff policy uncertainty have the potential to constrain near-term growth. Over time, the rising cost and complexity of each successive node transition will continue to narrow the field of manufacturers capable of producing at the leading edge. Despite these challenges, sustained AI-driven demand, automotive electrification and the structural buildout of domestic capacity will support continued revenue growth through the forecast period.
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What's included in this industry analysis
IBISWorld's research coverage on the Semiconductor & Circuit Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2016-2031. The most recent publication was released March 2026.
About this industry
What's this industry report about?
The Semiconductor & Circuit Manufacturing industry in the United States operates under the NAICS industry code 33441a. The Semiconductor and Circuit Manufacturing industry includes companies that manufacture semiconductors and related devices and parts. Products in this industry include integrated circuits, memory chips, microprocessors, diodes, transistors and other electronic devices. Related terms covered in the Semiconductor & Circuit Manufacturing industry in the United States include integrated circuit, microprocessor, fabless, x86, arm, smartphone, dram, nand and system-on-a-chip (soc).
What's included in this industry?
Products and services covered in Semiconductor & Circuit Manufacturing industry in the United States include Logic chips, Memory and Analog.
What companies are included in this industry?
Companies covered in the Semiconductor & Circuit Manufacturing industry in the United States include Samsung Electronics Co Ltd, Micron Technology, Inc. and Intel Corporation.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Semiconductor & Circuit Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Semiconductor & Circuit Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Semiconductor & Circuit Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Semiconductor & Circuit Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Semiconductor & Circuit Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Semiconductor & Circuit Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Semiconductor & Circuit Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Semiconductor & Circuit Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Semiconductor & Circuit Manufacturing industry in the United States in 2026?
The market size of the Semiconductor & Circuit Manufacturing industry in the United States is $73.6bn in 2026.
How many businesses are there in the Semiconductor & Circuit Manufacturing industry in the United States in 2026?
There are 717 businesses in the Semiconductor & Circuit Manufacturing industry in the United States, which has grown at a CAGR of 0.1 % between 2021 and 2026.
How may import tariffs affect the Semiconductor & Circuit Manufacturing industry in the United States?
The Semiconductor & Circuit Manufacturing industry in the United States is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Semiconductor & Circuit Manufacturing industry in the United States?
The Semiconductor & Circuit Manufacturing industry in the United States is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.
Has the Semiconductor & Circuit Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Semiconductor & Circuit Manufacturing industry in the United States has been growing at a CAGR of 2.7 % between 2021 and 2026.
What is the forecast growth of the Semiconductor & Circuit Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Semiconductor & Circuit Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Semiconductor & Circuit Manufacturing industry in the United States?
The biggest companies operating in the Semiconductor & Circuit Manufacturing industry in the United States are Samsung Electronics Co Ltd, Micron Technology, Inc. and Intel Corporation
What does the Semiconductor & Circuit Manufacturing industry in the United States include?
Manufacturing diodes and Manufacturing fuel cells and solid-state devices are part of the Semiconductor & Circuit Manufacturing industry in the United States.
Which companies have the highest market share in the Semiconductor & Circuit Manufacturing industry in the United States?
The company holding the most market share in the Semiconductor & Circuit Manufacturing industry in the United States is Samsung Electronics Co Ltd.
How competitive is the Semiconductor & Circuit Manufacturing industry in the United States?
The level of competition is moderate and increasing in the Semiconductor & Circuit Manufacturing industry in the United States.
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