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U.S. manufacturing construction hits $206B, with electronics, particularly semiconductors, leading at $113B annually post-CHIPS Act.
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.
— Joey Politano 🏳️🌈 (@JosephPolitano) December 1, 2023
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
Source: Joey Politano
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