Scott Kennedy on rebuilding semiconductor manufacturing in the U.S.

The economic security concerns are paramount, but there's also the question of jobs and rebuilding America's own manufacturing prowess, which has both economic and national security benefits to it.  But the facts are that you can friendshore, onshore some semiconductor manufacturing capacity, but the U.S. right now is about 12% [of global chip production], Taiwan's at 60%.  You've got China and others making up the rest.  Even at the pace which the U.S. is adding capacity, that 12% number is not going to radically change because everyone else is also adding capacity as fast as possible.  We are going to be in a globalized semiconductor industry as far as we can see.

~ Scott Kennedy, China Expert, Center for Strategic and International Studies, "Under Threat! How New Semiconductor Plants Are Facing Big Problems," Interesting Engineering, 9:05 mark, January 6, 2025