US Manufacturing Construction at $206B Peak

U.S. manufacturing construction spending has reached a new high, with an annualized rate of $206 billion, driven largely by a surge in electronics manufacturing construction, which has nearly reached $113 billion annually. This growth, especially in semiconductor fabricator construction, is largely attributed to the incentives provided by the CHIPS Act, reflecting a significant investment in the tech sector and its infrastructure.

Source: Joey Politano

 Another record high for US manufacturing construction spending, now up to a $206B annualized rate.

Electronics manufacturing construction (mostly semiconductor fabricators in the wake of the CHIPS Act) is now up to a nearly $113B annualized rate. pic.twitter.com/VpEKvttNVd— Joey Politano 🏳️‍🌈 (@JosephPolitano) December 1, 2023