📈 U.S. Semiconductor Production Surges as Broader Manufacturing Declines (2023–2024)

From 2023 to Q3 2024, the U.S. semiconductor industry production index achieved strong growth of 16.5% (CAGR of 9.1%), while the broader manufacturing industry index faced negative annual growth in most months. Despite stagnation in many manufacturing sectors, the semiconductor industry thrived, driven by significant AI investments and support from the 2022 U.S. CHIPS Act.