WASHINGTON—Jan. 7, 2025—The Semiconductor Industry Association (SIA) today released the following statement from SIA President and CEO John Neuffer commending finalization of CHIPS and Science Act manufacturing investments announced by the U.S. Department of Commerce and Hemlock Semiconductor (HSC). The CHIPS incentives finalized today will support the construction of a new manufacturing facility on HSC’s existing campus in Hemlock, Michigan, for the production and purification of hyper-pure, semiconductor-grade polysilicon.

“Ultra-purity polysilicon is essential for the fabrication of the advanced semiconductors underpinning America’s economic strength, national security, and leadership in AI, autonomous driving, telecommunications, and many other critical technologies. The production of this material is the first step in the semiconductor production process, and it is critical for the U.S. to have domestic capabilities in this area. The incentives announced today will complement HSC’s investments in the domestic production of high-purity polysilicon and help reinforce America’s technology leadership and supply chain resilience. We commend HSC for investing in the United States and applaud the U.S. Department of Commerce for working to allocate critical CHIPS incentives.”

The CHIPS Act is on track to strengthen American manufacturing, create jobs, boost economic growth, and promote national security. The CHIPS Act’s manufacturing incentives have sparked substantial announced investments in the U.S. In fact, companies in the semiconductor ecosystem have announced 90 new projects across 28 U.S. states—totaling hundreds of billions of dollars in private investments—since the CHIPS Act was introduced. These announced projects will create more than 58,000 jobs in the semiconductor ecosystem and support hundreds of thousands of additional U.S. jobs throughout the U.S. economy.

An SIA-Boston Consulting Group report released last May projected the United States will triple its domestic semiconductor manufacturing capacity from 2022—when CHIPS was enacted—to 2032. The projected 203% growth is the largest projected percent increase in the world over that time. The report also projected America will capture over one-quarter (28%) of total global capital expenditures (capex) from 2024-2032.

The U.S. Department of Commerce previously announced incentives for a range of companies and projects that will help strengthen the U.S. semiconductor supply chain.