Make Sure to RSVP for Industrial Info's Semiconductor Webinar

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Researched by Industrial Info Resources (Sugar Land, Texas)--Be sure to join Industrial Info tomorrow, June 26, at 10 a.m. CDT (11 a.m. EDT), for a complimentary webinar discussing the global semiconductor sector. The semiconductor industry has seen some of the largest changes of any industrial segment in recent times. The world, including North America, has been made very aware of the outsize role these components play in an increasingly digital landscape that encompasses everything from the vehicles we drive to the mobile phones we use to the ways we exchange information.

The onset of COVID-19 caused several semiconductor-manufacturing sites throughout the world to be temporarily shuttered or face reduced output as social distancing took hold and transmission of the virus swept the world. This would lead to a shortage of semiconductors and a sudden lack of what had become a basic building block of everything from automobiles--electric vehicles in particular--computers and mobile phones, and many other electronic devices that people increasingly found themselves leaning on during the pandemic.

One of the consequences of the global semiconductor shortage was renewed strong investment in semiconductor fabrication plants, known as fabs. A survey of Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database shows several hundred billion dollars in active projects aimed at semiconductors, with a substantial portion of spending occurring in North America, thanks in no small part to the Inflation Reduction Act, which provides tax incentives for establishing new fabrication facilities in the U.S.

Geopolitics and a need to divest from Asia means reshoring of semiconductor manufacturing in both North America and Europe, which has helped drive increased spending. Leading companies like Intel Corporation (NASDAQ:INTC) (Santa Clara, California) and Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) (Hsinchu, Tawain) are investing heavily in various locations. Intel alone is underway with construction of two projects in the U.S. valued at more than $33 billion, not to mention other projects that remain on the planning board or occurring in other global locales.

Industrial Info is pleased to provide insight on where this sector has been and the many ways it is progressing in Wednesday's webinar. Join us as we take a look at when and where spending has been occurring, what is expected in the coming years and the latest trends affecting the increased spending for semiconductors. The webinar will be repeated at a later time for audiences in Europe and the Asia-Pacific region. We hope you are able to join us for this timely and informative presentation. Click here to learn more or to RSVP.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).