U.S. Semiconductor, High-Tech Demand Drives $17 Billion in 4Q Kickoffs
Attachment: US semi-comp 4Q23
September 14, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--No one would argue that the demand for semiconductors and computing technology components will decline anytime soon, but the heavy investments projected for this sector are worthy of attention, particularly those catering to the energy transition and the widespread adoption of artificial intelligence (AI). In this U.S., companies are rushing to build a manufacturing presence that reduces domestic dependence on rival nations like China.
Industrial Info is tracking more than $17 billion worth of U.S.-based projects for the development of semiconductors and computers that are set to begin construction in the fourth quarter. The global need for semiconductors, driven by online commerce and increasingly ubiquitous AI, is fueling projects such as Micron Technology Incorporated's (NASDAQ:MU) expansion of a semiconductor-manufacturing plant. Other companies with projects set to kick off in the sector include Calypso Energy, Symbio North America Corporation, Michelin, Faurecia, ABB Limited, Sanmina Corporation (NASDAQ:SANM) and Nokia Corporation (NYSE:NOK).
Other companies featured: Caterpillar Incorporated (NYSE:CAT)
