US Dominates the Global Semiconductor Value ChainsAlarmist views that the US semiconductor industry is in need of subsidies and trade protection are not supported by facts. Graph 1: Semiconductor global market share, 2020Source: Semiconductor Industry Association. Graph 2: Semiconductor value added by activity and region in 2019 (%)Source: Semiconductor Industry Association. American firms spent about $44 billion on R&D in 2020, more as a percent of sales than any other country’s semiconductor industry (graph 3). Graph 3: Semiconductor R&D expenditures, 2019 (% sales by country)Source: Semiconductor Industry Association.
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