U.S. Tech-Component Developers Ratchet Up Domestic Production

December 31, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--U.S. civic and industrial leaders have spent the past few years pushing aggressively for stronger domestic production of key electronic components, such as semiconductors and the equipment used in renewable-energy technology. A quick look at some of the projects set to break ground in the near term paints an encouraging picture for this trend. Industrial Info is tracking more than $30 billion worth of projects in the sector for semiconductors, green-energy elements and other tech components that are set to begin construction in first-quarter 2025, more than 85% of which is attributed to plant expansions. Other companies featured: Microchip Technology Incorporated (NASDAQ:MCHP), HP Incorporated (NYSE:HPQ), Xiamen Hithium Energy Storage Technology Company Limited and Heliene Incorporated.