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Technology / AI and automation

CHIP MARKET NOW MAIN CONTRIBUTOR TO US ECONOMY

The semiconductor industry is now the biggest contributor to the US economy, according to a report conducted by the Semiconductor Industry Association. Between 1987 and 1996 the semiconductor industry’s contribution to the US economy grew to 15.7% and it moved from 17th place to first. But the report warns that future growth will depend on sustained investment in manufacturing plants and research, reports Wired. But by 2002 the 15.7% share of the market is likely to double. The company is also one of the best places within the manufacturing market in which to be employed, with the average wage for each of the semiconductor market’s 257,000 staff standing at $54,900 in 1996. This is 15% above wages in other manufacturing sectors.

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CBR Staff Writer

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