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SIA White Paper: U.S. Semiconductor Industry is America's Most Innovative Manufacturing Industry

Posted by Falan Yinug, Director, Industry Statistics and Economic Policy on Aug 13, 2015 3:00:00 PM

The U.S. semiconductor industry is America's most innovative manufacturing industry and ranks near the top in terms of overall competitiveness, according to a newly published SIA white paper. Based in part on a methodology used by the United Nations to rank the economic competitiveness of nations, the white paper finds that the U.S. semiconductor industry ranks first out of 288 U.S. industries in terms of innovation and second in overall competitiveness. 

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The paper concludes what SIA and the industry have known for some time: the U.S. semiconductor industry is one of the most highly competitive and innovative industries in the U.S. economy.

The below table, excerpted from the paper, details the U.S. semiconductor industry’s overall competitiveness ranking as well as the industry’s sub-category rankings.  

Table 2. Summary of Competitiveness Indicator Results for the U.S. Semiconductor Industry

NAICS Code

Name

Overall Ranking

Indicator 1: Capacity to Produce

Indicator 2: Capacity to Export

Indicator 3: Innovation Weight

Indicator 4: Export Product Complexity

334413

Semiconductor and related device manufacturing

Rank 2/288

Rank 39/288

Rank 36/288

Rank 1/288

Rank 2/288

Top 0.69th  percentile

Top 13th   percentile

Top 12th   percentile

Top 0.34th   percentile

Top 0.69th   percentile


It is noteworthy that the U.S. semiconductor industry ranks consistently high in all four indicators, ranging from the top 0.3 to the top 13 percentile.

These results confirm the vital role of the U.S. semiconductor industry in the U.S. economy, for the significant revenue and innovation it generates as well as for its huge potential to grow in foreign markets.

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Topics: white papers, innovation, data