Commerce Secretary Howard Lutnick on Monday emphasized the push for a U.S. semiconductor manufacturing boom that would expand domestic chip production and reduce U.S. reliance on foreign supply chains.
Semiconductor Boom On The Way
In a post on X, Lutnick said, “We’re bringing back semiconductor manufacturing.”
The PHLX Semiconductor Index recently reached its highest level since March 2000, driven by significant investments in AI infrastructure and data centers. On May 6, the index soared 50% over the previous 25 trading days.
The surge has led to record levels of dominance within the technology sector, with the S&P 500 semiconductor industry now accounting for 41.9% of the total market cap of the information technology sector, up from less than 10% in 2013.
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