Author: Connected World

Despite the ongoing chip shortage, the semiconductor space is growing. The SIA (Semiconductor Industry Assn.), in its 2022 SIA Factbook, says semiconductor companies ramped up production to address continued high demand, leading to record chip sales and units shipped in 2021. Innovation is on the upswing as well. The SIA data suggests U.S. semiconductor firms invested $50 billion in R&D (research and development) last year, which the SIA says is the highest in history, with the goal of staying competitive in the global market. The U.S. government recognizes the importance of the semiconductor space for the U.S., including for national…

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