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SIA Blog

SIA White Paper: Semiconductor Industry Has Grown U.S. Economy through Innovation

Posted by Falan Yinug, Director, Industry Statistics and Economic Policy on Oct 10, 2014 7:00:00 AM

Sixty-four years ago this month, the U.S. Patent Office issued a patent to three semiconductor pioneers for the transistor, the building block for semiconductor innovation. Since then, the U.S. semiconductor industry has continued to innovate at an impressive rate, thus contributing significantly to U.S. economic growth. In fact, a recently published SIA white paper concludes that the U.S. semiconductor industry has accounted for 30 percent of all economic growth due to innovation in the United States between 1960-2007.    

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Topics: white papers, technology, innovation, economy

SIA White Paper: Semiconductor Industry Has Contributed More to U.S. Economic Growth than any other Major Manufacturing Industry

Posted by Falan Yinug, Director, Industry Statistics and Economic Policy on Oct 7, 2014 8:00:00 AM

A newly published SIA white paper shows that, thanks to rapid technological development, the U.S. semiconductor industry’s contribution to the U.S. economy grew 265 percent from 1987 to 2011, more than that of any other major U.S. manufacturing industry. Based on official U.S. government data, the paper concludes what SIA and the industry has known for some time: the U.S. semiconductor industry is a uniquely vital contributor to the U.S. economy.  

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Topics: white papers, statistics, economy