Semiconductor Manufacturers NAICS 334413

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Industry Summary
The 683 semiconductor manufacturers in the US design and build a variety of semiconductor and related solid-state devices including integrated circuits, memory chips, microprocessors, diodes, transistors, and solar cells. Semiconductors are used in a wide range of products, but major categories include computers and electronic devices, machinery, appliances, transportation equipment, solar panels, and lighting equipment.
Shrinking Nodes, Fewer Labs
The number of cutting-edge semiconductor manufacturers is shrinking as fewer firms have the financial resources needed to further miniaturize semiconductors.
Rapid Technology Innovation
Semiconductor manufacturers spend significant amounts of cash on research and development to meet customer demand and stay ahead of competition.
Recent Developments
Jul 3, 2025 - One Big Beautiful Bill Will Boost Tax Credits
- The One Big Beautiful Bill legislation passed by the US Congress includes a proposal to increase tax credits for semiconductor firms building capacity in the US to 35% from an existing rate of 25%. Companies eligible for the credits may include chipmakers such as Intel, Taiwan Semiconductor Manufacturing Company, and Micron Technology. The new provisions expand on tax incentives under the 2022 CHIPS and Science Act, which provided grants of $39 billion and loans of $75 billion for US-based semiconductor manufacturing projects.
- Semiconductor sales increased 19.1% year over year in 2024 to $627.6 billion, according to industry trade group SEMI. Fourth-quarter sales of $170.9 billion were 17.1% more than the fourth quarter of 2023, and 3.0% higher than the third quarter of 2024. “The global semiconductor market experienced its highest-ever sales year in 2024, topping $600 billion in annual sales for the first time, and double-digit market growth is projected for 2025,” said John Neuffer, SIA president and CEO.
- Semiconductor manufacturer TSMC plans to invest “at least” $100 billion in chip manufacturing plants in the US over the next four years as part of an effort to expand the company’s network of semiconductor factories. TSMC previously pledged to spend $65 billion on US-based fabrication plants and has received up to $6.6 billion in grants from the CHIPS Act, a major Biden administration-era law that sought to boost domestic semiconductor production. The US government considers TSMC’s heavy Taiwanese presence a strategic risk because of growing threats from the mainland Chinese government, according to TechCrunch.
- Semiconductor manufacturing industry employment decreased slightly while wages for nonsupervisory employees increased slightly during the first five months of 2025, according to the US Bureau of Labor Statistics (BLS). Semiconductor manufacturers slightly decreased their prices during the first half of 2025, according to the BLS.
Industry Revenue
Semiconductor Manufacturers

Industry Structure
Industry size & Structure
A typical semiconductor manufacturer operates out of a single location, employs 294 workers, and generates about $97 million annually.
- The semiconductor manufacturing industry consists of about 683 companies which employ about 201,000 workers and generate about $66 billion annually.
- Customer industries include manufacturers of computers and electronic devices, telecommunications equipment, machinery, appliances, transportation equipment, solar panels, and lighting equipment.
- The industry is highly concentrated with the 20 largest firms representing 78% of industry revenue.
- Large companies include Intel, Global Foundries, Cypress Semiconductor, IBM, and Texas Instruments.
Industry Forecast
Industry Forecast
Semiconductor Manufacturers Industry Growth

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