34.08 USD billion in grants
The Department of Commerce has announced $34.0787 billion in grant awards and up to $7.15 billion in loans to 36 companies across 53 projects.
Semiconductor Industry Association525,000 jobs
SIA estimates the announced projects will create and support over 525,000 American jobs, including 122,000 construction jobs.
Semiconductor Industry Association39 USD billion
The CHIPS and Science Act gave the Commerce Department $50 billion, including $39 billion for manufacturing incentives and $11 billion for research and development.
National Institute of Standards and Technology (CHIPS for America)Source: U.S. Census Bureau
Why this market is moving now
- The 48D advanced manufacturing credit rises from 25% to 35% for qualified property placed in service after December 31, 2025.
- Census construction spending on chip and electronics plants has fallen from a $126.4 billion annual rate in June 2024 to $52.3 billion in August 2026.
- Commerce has announced $34.0787 billion in grants and up to $7.15 billion in loans across 53 projects.
Key figures
Each figure links to the page it came from.
| Figure | Value | Year | Source |
|---|---|---|---|
| Companies in the semiconductor ecosystem have announced over 160 projects across 30 states, totaling more than $828.0 billion in private investments since 2020. | 828.0 USD billion | 2026 | Semiconductor Industry Association |
| The Department of Commerce has announced $34.0787 billion in grant awards and up to $7.15 billion in loans to 36 companies across 53 projects. | 34.08 USD billion in grants | 2026 | Semiconductor Industry Association |
| SIA estimates the announced projects will create and support over 525,000 American jobs, including 122,000 construction jobs. | 525,000 jobs | 2026 | Semiconductor Industry Association |
| The CHIPS and Science Act gave the Commerce Department $50 billion, including $39 billion for manufacturing incentives and $11 billion for research and development. | 39 USD billion | 2022 | National Institute of Standards and Technology (CHIPS for America) |
| The Advanced Manufacturing Investment Credit (Section 48D) is 25% of the qualified investment for property placed in service through December 31, 2025, and 35% for qualified property placed in service thereafter. | 35 % tax credit | 2026 | Internal Revenue Service |
| Private construction spending on computer, electronic and electrical manufacturing plants was $52.3 billion at a seasonally adjusted annual rate in August 2026 (preliminary), down from $95.4 billion in August 2025. | 52.3 USD billion (SAAR) | 2026 | U.S. Census Bureau |
| The category's highest monthly reading in the Census series was $126.4 billion at an annual rate in June 2024. | 126.4 USD billion (SAAR) | 2024 | U.S. Census Bureau |
| Texas Instruments reported cash benefits of $469 million from the CHIPS Act investment tax credit in the 12 months ended September 30, 2026. | 469 USD million | 2026 | Texas Instruments Incorporated |
| Micron reported net capital expenditures of $27.37 billion for fiscal 2026 (gross $30.71 billion), with $3.32 billion of proceeds from government incentives. | 27.37 USD billion | 2026 | Micron Technology, Inc. |
Companies to watch
Texas Instruments
Reported $469 million of CHIPS Act investment tax credit cash benefits in the 12 months to September 30, 2026.
Micron Technology
Net capital expenditures of $27.37 billion in fiscal 2026 (global).
What the full report covers
- 1
Executive summary
The answer on two pages: size, growth and what drives it.
- 2
Market size and outlook
History, the current year and a five-year view with base, low and high cases.
- 3
Segments and regions
Splits by product, buyer and geography across the US, Europe and MEA.
- 4
Company profiles
The main players, how they compete and where they are investing.
- 5
Data and method
Every figure in Excel, with the sources and assumptions behind it.
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the United States market - 03Market size, 2021 to 2025
Historical series and growth rates - 04Outlook to 2031
Base, low and high scenarios with stated assumptions - 05Rules, policy and deadlines
Regulation and programmes that change demand - 06Drivers and barriers
What accelerates or slows adoption, by customer segment - 07Prices, costs and margins
Unit economics where public data allows - 08Competitive landscape
8 to 12 company profiles with recent moves - 09Opportunities and risks
For new entrants, suppliers and investors - 10Method and sources
Every assumption and source, listed
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How much has been invested in US semiconductor manufacturing?
The Semiconductor Industry Association counts more than $828.0 billion in announced private investments across over 160 projects in 30 states since 2020, as of September 22, 2026.
How much CHIPS Act money has been awarded?
Per SIA, Commerce has announced $34.0787 billion in grant awards and up to $7.15 billion in loans to 36 companies across 53 projects. The Act set aside $39 billion for manufacturing incentives.
What is the semiconductor investment tax credit?
Section 48D gives 25% of qualified investment for property placed in service through December 31, 2025, and 35% for property placed in service after that, per the IRS.
Is US fab construction spending rising or falling?
Census data show computer, electronic and electrical plant construction at a $52.3 billion annual rate in August 2026, down from a series high of $126.4 billion in June 2024.
How many jobs will the projects create?
SIA says the announced projects will create and support over 525,000 American jobs, including 122,000 construction jobs.
Sources and method
The figures on this page come from the public sources listed below. Read how we work.
- Semiconductor Industry Association: America's Chip Resurgence: $828 Billion in Semiconductor Supply Chain Investments (2026-09-22)
totaling more than $828.0 billion dollars in private investments—since 2020.
- Semiconductor Industry Association: America's Chip Resurgence: $828 Billion in Semiconductor Supply Chain Investments (2026-09-22)
the Department of Commerce has announced $34.0787 billion in grant awards and up to $7.15 billion in loans to 36 companies across 53 projects.
- Semiconductor Industry Association: America's Chip Resurgence: $828 Billion in Semiconductor Supply Chain Investments (2026-09-22)
These announced projects will create and support over 525,000 American job s
- National Institute of Standards and Technology (CHIPS for America): CHIPS for America (2026-10)
dedicating $39 billion to provide incentives for investment in facilities and equipment in the United States.
- Internal Revenue Service: Advanced Manufacturing Investment Credit (2026-07-27)
35% for qualified property placed in service thereafter.
- U.S. Census Bureau: Value of Private Construction Put in Place, seasonally adjusted annual rate (privsatime.xlsx) (2026-10-01)
Computer/ electronic/ electrical, Aug-26p: 52298 (millions of dollars, seasonally adjusted annual rate)
- U.S. Census Bureau: Value of Private Construction Put in Place, seasonally adjusted annual rate (privsatime.xlsx) (2026-10-01)
Computer/ electronic/ electrical, Jun-24: 126353 (millions of dollars, seasonally adjusted annual rate)
- Texas Instruments Incorporated: Texas Instruments Q3 2026 results news release (Form 8-K Exhibit 99) (2026-10-21)
Includes cash benefits of $79 million, $469 million and $302 million from the CHIPS Act ITC
- Micron Technology, Inc.: Micron Q4 and fiscal 2026 results press release (Form 8-K Exhibit 99.1) (2026-09-30)
$27.37 billion for the full year of 2026
Free sample
Get a free sample of this report
We send the table of contents, two sample chapters and the method note, usually within one working day. You owe us nothing for asking.
- Full table of contents
- Two sample chapters
- Method note and data outline