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After surpassing the $627 billion sales mark in 2024, the global semiconductor industry is on track for another record-breaking year in 2025, when sales are expected to hit $697 billion. Deloitte says this will not only set a new high-water mark for the sector, but it will also put it on the path to reach $1 trillion in sales by 2030 (and then potentially doubling by 2040).
“Despite challenges like wafer capacity constraints and high R&D costs, the industry remains resilient,” Deloitte notes in its 2025 Global Semiconductor Outlook. “PC and smartphone sales are set to grow, driving demand for communication and computer chips, which dominate the market. Advanced packaging technologies and innovations in gen AI chips are expected to fuel further growth.”
While the U.S. leads the world in semiconductor design, its overall share of chip manufacturing hovers around 10-12% (most of the chips are made in East Asia). That tide may be turning as more manufacturers make commitments to building new fabs in the U.S. over the next few years.
By the Semiconductor Industry Association’s (SIA) latest count, companies in the semiconductor ecosystem had announced more than 90 new manufacturing projects in the U.S. since the CHIPS Act was first introduced, totaling nearly $450 billion in announced investments across 28 states.
In the decade following CHIPS enactment (2022 to 2032), in fact, SIA says the U.S. is projected to more than triple its semiconductor manufacturing capacity. “These investments are projected to create tens of thousands of direct jobs and support hundreds of thousands of additional jobs throughout the U.S. economy,” SIA adds.
TI’s $60 Billion Investment
Texas Instruments (TI) is the latest semiconductor producer to announce a major investment in U.S. chip manufacturing. Headquartered in Dallas, the company just announced a more than $60 billion investment that will include seven U.S. semiconductor fabs in Texas and Utah.
The company announced plans to expand its U.S. manufacturing capacity to “supply the growing need for semiconductors that will advance critical innovations from vehicles to smartphones to data centers.” Combined, TI’s new manufacturing megasites in Texas and Utah will support more than 60,000 U.S. jobs.
TI is the largest foundational semiconductor manufacturer in the U.S. It produces analog and embedded processing chips for smartphones, vehicles, data centers, satellites and other electronic devices. To meet the steadily growing demand for its chips, TI says it’s “building on its legacy of technology leadership and expanding its U.S. manufacturing presence to help its customers pioneer the next wave of technological breakthroughs.”
More to Come?
According to Technology Magazine, TI’s commitment to building new fabs in the U.S. is important because the company’s analog and embedded chips are foundational to nearly every modern electronic system—from mobile devices and EVs to MRI machines and satellite communications. “This investment represents a significant reshoring of critical semiconductor infrastructure,” it says.
“By producing hundreds of millions of U.S.-made chips daily, TI’s seven fabs across Texas and Utah will serve as the bedrock of a revitalized U.S. industrial base,” Technology Magazine adds, “accelerating breakthroughs and job creation across sectors.”
Looking ahead, SIA says that for the semiconductor industry to grow and innovate at its full potential, and for domestic investment projections to be fully realized, government leaders must advance policies that “build on our industry’s longstanding workforce development efforts, expand the pipeline of STEM graduates in America, and retain and attract more of the top engineers and scientists from around the world.”
