The 2022 State of the U.S. Semiconductor Industry report highlights the challenges and opportunities facing the industry. Despite a historic year in 2022, the semiconductor industry is facing significant challenges, including supply chain disruptions and geopolitical tensions. The industry is expected to rebound in the second half of 2023, but it will take time for the global supply chain to fully recover. The report also notes that the U.S. semiconductor industry continues to invest heavily in research and development, with companies spending roughly one-fifth of their annual revenue on R&D. Additionally, the report highlights the importance of semiconductor design leadership and the need for policies to maintain U.S. leadership in the industry.
