SEMICONDUCTOR INDUSTRY ASSOCIATION
FACTBOOK
INTRODUCTION
The data included in the 2014 SIA Factbook helps demonstrate the
strength and promise of the U.S. semiconductor industry and why it
is critical for policymakers to enact measures that boost growth and
promote innovation.
The U.S. semiconductor industry is a key driver of America’s
economic strength, global competitiveness, and technology
leadership.
Semiconductors enable the systems and products that we use to
work, communicate, travel, entertain, harness energy, treat illness,
and make new scientific discoveries. Semiconductors make possible
the global trillion dollar electronics industry. Semiconductors were
invented in America, and the U.S. still leads the world in cuttingedge manufacturing and design.
In the semiconductor industry and across the broader tech sector,
innovation is made possible through the hard work and ingenuity of
the industry’s scientists and engineers and is supplemented by
smart public policy from the federal government. At SIA, a common
theme of the policies we support is that all of them are intended to
maintain and accelerate technological advancements. The federal
government plays a vital role in furthering these initiatives.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
To help promote innovation and ensure America’s continued
technology leadership, policymakers should do the following:
1. Facilitate open markets and protect intellectual property to
fuel semiconductor industry growth.
2. Support federal funding for university research to discover the
next generation of semiconductor technologies.
3. Streamline export controls to allow U.S. semiconductor
companies to compete in the global market while protecting
national security.
4. Strengthen America’s technology workforce by retaining the
best and brightest scientific minds from around the world and
increasing the number of American STEM graduates.
5. Reform the corporate tax system to enhance America’s
competitiveness, boost U.S. design and manufacturing, and
promote American innovation.
6. Improve the security and authentication of semiconductor
products through partnerships with industry and government.
7. Promote sustainability practices and innovation development
by ensuring that regulations meet the needs of the semiconductor
industry.
PREFACE - i -
List of Figures
(Page Numbers in Parentheses)
(1)
SECTION 1: INDUSTRY OVERVIEW
(2)
(3)
(4)
(5)
(6)
The Global Semiconductor Industry is a Key Growth Sector in the Global Economy
The U.S. Semiconductor Industry has Over Half the Global Market Share
U.S.-Based Industry Semiconductor Sales have Displayed Steady Annual Growth
U.S.-Based Semiconductor Companies Maintain Market Share Leadership in Most Major Regional Semiconductor Markets
The Majority of Semiconductor Manufacturing Done in the United States is Done by U.S. Firms
(7) The U.S. Semiconductor Industry Conducts the Majority of its Manufacturing in the United States
(8) Semiconductors are one of America’s Top Exports
(9)
SECTION 2: GLOBAL MARKET
(10) Global Semiconductor Sales are Driven by Products Ultimately Purchased by Consumers
(11) Global Semiconductor Sales are Diversified by Type of Product Sold
(12) Today, Asia Pacific is by Far the Largest Regional Semiconductor Market
(13) SECTION 3: CAPITAL AND R&D INVESTMENT
(14) Total Annual Levels of Investment in Capital and R&D are High for the Industry
(15) Capital and R&D Investment are Critical to Maintaining a Competitive Semiconductor Industry
(16) Investment in Capital Expenditures and R&D per Employee is Very High – It has Increased at a Rate of about 16 Percent per Year Over the
Past 20 Years
(17) Semiconductor Industry R&D Expenditures are Consistently High which Reflects the Inherent Importance of R&D to Semiconductor Firms
(18) Annual R&D Expenditures as a Percent of Sales have Generally Exceeded 10 Percent Over the Past 20 Years, an Unprecedented Rate
among U.S. Industries in the United States
(19) The U.S. Semiconductor Industry Spends More on R&D as a Percent of Sales than any Other U.S. Industry
(20) U.S. Semiconductor Industry Capital Expenditures Reached a Record High in 2011 with the Industry Continuing to Invest Significantly in
Subsequent Years
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
CONTENTS - ii -
List of Figures
(Continued)
(21) SECTION 4: JOBS
(22) The U.S. Semiconductor Industry Accounts for a Quarter of the Million Direct Jobs and Over a Million Additional Indirect Jobs
(23) SECTION 5: PRODUCTIVITY
(24) U.S.-Based Semiconductor Firms have Experienced Rapid Improvements in Productivity Over the Past 20 Years
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
CONTENTS - iii -
Section 1
INDUSTRY OVERVIEW
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 1: Industry Overview - 1 -
SECTION 1: INDUSTRY OVERVIEW
THE GLOBAL SEMICONDUCTOR INDUSTRY IS A KEY GROWTH SECTOR IN THE GLOBAL ECONOMY
Worldwide semiconductor sales increased from $77.3 billion in 1993 to $ 305.6 billion in 2013, an average annual
rate of increase of 7.11 percent per year. According to the WSTS Fall 2014 Semiconductor Industry Forecast,
worldwide semiconductor industry sales are forecast to reach $345 billion in 2015 and $355 billion in 2016.*
*WSTS, Fall 2014 Semiconductor Industry Forecast.
350
Global Semiconductor Sales ($Billion)
300
250
200
150
100
50
+4.8% '12/'13
0
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
'13
Source: World Semiconductor Trade Statistics and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 1: Industry Overview - 2 -
SECTION 1: INDUSTRY OVERVIEW
THE U.S. SEMICONDUCTOR INDUSTRY HAS OVER HALF THE GLOBAL MARKET SHARE
Semiconductor producers based in the Americas experienced a significant loss in market share during the 1982 to 1988 period. In the
early 1980s, the Americas-based producers held more than 50 percent of worldwide semiconductor sales. Due to intense competitive
pressure from Japan-based firms, the effect of illegal "dumping“, and a severe industry recession in 1985 to 1986, the industry lost a
total of nineteen worldwide market share points. Today, Americas-based firms have the largest market share with over 50 percent.
The industry in the Americas has rebounded strongly since the late 1980s. While largely exiting the DRAM market in the 1980s, its
firms have maintained their competitive edge in microprocessors and other leading edge devices, and it has even gained in memory in
recent years. Strong growth in these sectors enabled the industry to increase its market share to over half of the world market. Firms
in Asia and Europe have grown in terms of their importance as suppliers as well.
60
%Share
2013
US 51%
50
40
30
Japan
14%
20
10
EU
9%
Korea
16%
Taiwan
6% China
4%
0
'82 '83 '84 '85 '86 '87 '88 '89 '90 '91 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13
Note: Market share based on headquarters of seller, i.e. foundry output not included in Taiwanese and Chinese market share. Numbers rounded.
Source: SIA/World Semiconductor Trade Statistics/iSuppli/PwC/IC Insights
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 1: Industry Overview - 3 -
SECTION 1: INDUSTRY OVERVIEW
U.S.-BASED INDUSTRY SEMICONDUCTOR SALES HAVE DISPLAYED STEADY ANNUAL GROWTH
Sales of total worldwide semiconductor producers based in the Americas grew from $33.4 billion in 1993 to over
$154.8 billion in 2013 -- a compound annual growth rate of 7.97 percent. Sales growth for U.S. companies shows
the same cyclical fluctuations characterized by the industry as a whole.
180
US-based Industry Semiconductor Sales ($Billion)
160
140
120
100
80
60
40
+6.0% '12/'13
20
0
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
'13
Source: World Semiconductor Trade Statistics and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 1: Industry Overview - 4 -
SECTION 1: INDUSTRY OVERVIEW
U.S.-BASED SEMICODUCTOR COMPANIES MAINTAIN MARKETSHARE LEADERSHIP IN MOST MAJOR
REGIONAL SEMICONDUCTOR MARKETS
In 2013, semiconductor firms based in the Americas held over 50 percent of the total semiconductor market. In
all major markets other than Japan, U.S. headquartered companies held around half the market. In Japan, one
of the world’s largest single country markets, U.S. firms held only 33 percent share – historically foreign
headquartered companies have held a relatively lower share of the Japanese market than in all other markets.
Americas Firms
Asia Pacific Market
$174.4 B
Americas Market
$61.5B
Europe Market
$34.9B
Japan Market
$34.8B
Other Firms
54.7%
45.30%
47.10%
52.90%
54.40%
45.60%
32.70%
67.30%
Source: World Semiconductor Trade Statistics and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 1: Industry Overview - 5 -
SECTION 1: INDUSTRY OVERVIEW
THE MAJORITY OF SEMICONDUCTOR MANUFACTURING DONE IN THE UNITED STATES IS DONE BY U.S. FIRMS
In 2013, roughly 87 percent of all semiconductor wafer fabrication capacity in the United States was accounted
for by U.S. headquartered firms. Semiconductor firms headquartered in the Asia Pacific region accounted for
most of the balance of capacity in the United States at around 10 percent.
Percent of Wafer Capacity in the US by Headquarter Location
Americas 87.1%
Asia Pacific 10.3%
Europe 1.6%
Japan 0.9%
Source: IC Insights Global Fab Database and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 1: Industry Overview - 6 -
SECTION 1: INDUSTRY OVERVIEW
U.S. SEMICONDUCTOR INDUSTRY CONDUCTS THE MAJORITY OF ITS MANUFACTURING IN THE UNITED STATES
In 2013, about 56 percent of U.S.-headquartered firm wafer capacity was located in the Americas region. The
Asia Pacific region was the second largest area, accounting for 27 percent of the total capacity.
Percent of U.S.-Headquartered Firm Wafer Capacity by Location
Americas 56.3%
Asia Pacific 27.1%
Europe 14.3%
Japan 2.3%
Note: Figures are rounded to the nearest 10th.
Source: IC Insights Global Fab Database and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 1: Industry Overview - 7 -
SECTION 1: INDUSTRY OVERVIEW
SEMICONDUCTORS ARE ONE OF AMERICA’S TOP EXPORTS
Electronic products such as computers and telecommunications equipment constitute the single largest U.S.
export category, greater that $120 billion per year, and semiconductors are key components of nearly all
electronic products. Exports of semiconductor components alone were worth $42 billion, second only to the
export value of automobiles and aircraft.
#1 U.S. Electronic Product Export in 2013 ($ Bn)
Top 3 Manufactured U.S. Exports in 2013 ($ Bn)
50
Aircraft $106 Billion
Automobiles $56 Billion
Semiconductors
40
30
Semiconductors $42 Billion
20
Computer
Equipment
Telephone
Apparatus
Computers
Radio and
Television
Broadcasting
and Wireless
Communication
Equipment
10
0
Source: U.S. International Trade Commission. Industry
defined by NAICS codes: 334413 (Semiconductors);
336411 (Aircraft); 336111 (Automobiles).
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Source: U.S. International Trade Commission. Industry
defined by NAICS codes: 334413 (Semiconductors);
334119 (Computer Equipment); 334210 (Telephone
Apparatus); 334111 (Computers); 334220 (Radio and
Television Broadcasting and Wireless Communications
Equipment).
Section 1: Industry Overview - 8 -
Section 2
GLOBAL MARKET
Diversified and Consumer-driven
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 2: Global Market - 9 -
SECTION 2: GLOBAL MARKET
GLOBAL SEMICONDUCTOR SALES ARE DRIVEN BY PRODUCTS ULTIMATELY PURCHASED BY CONSUMERS
The vast majority of semiconductor sales demand is driven by products ultimately purchased by consumers – be
they PC’s for home use and currently rapid developed mobile devices, such as cell phones and tablets.
Increasingly, demand is also driven in emerging markets including those in Asia, Latin America, Eastern Europe
and Africa.
2013 Total Global Semiconductor Market $306 Billion
Percent of Semiconductor $ Demand
Automotive
PC/Computer
9.5%
34.0%
9.7%
Industustrial/
Gov't
14.3%
Consumer
32.5%
Comunications
Note: Military is <1% and is included in Industrial.
Sources: World Semiconductor Trade Statistics.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 2: Global Market - 10 -
SECTION 2: GLOBAL MARKET
GLOBAL SEMICONDUCTOR SALES ARE DIVERSIFIED BY TYPE OF PRODUCT SOLD
Semiconductor technology has rapidly evolved as the industry develops more advanced product and process
technologies for applications in end-use industries. In recent years, the largest segments of the worldwide
semiconductor industry have been logic, memory, MPU, and analog. In 2013, these products accounted for 77
percent of semiconductor industry sales.
% Change
over last year
Distribution of Worldwide Semiconductor Sales By Product Segment 2013
$86B
Logic
Memory
$67B
MPU
$41B
Analog
$40B
$28B
Opto
Discretes
$18B
$15B
MCU
Sensor
DSP
$8B
$3B
+5.2%
+17.6%
-1.9%
+2.1%
+5.2%
-4.7%
+0.4%
+0.4%
-21.4%
Source: World Semiconductor Trade Statistics and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 2: Global Market - 11 -
SECTION 2: GLOBAL MARKET
TODAY, ASIA PACIFIC IS BY FAR THE LARGEST REGIONAL SEMICONDUCTOR MARKET
The Asia Pacific market has quadrupled in size since 2001 - from $39.8 billion to over $174 billion in 2013. In the early 1980's, the largest worldwide
semiconductor market was the Americas. However, the Americas share of worldwide consumption eroded throughout the mid-to-late-1980's. Japan
became the largest regional market in 1986 largely due to its thriving electronics industry. The size of the Americas market surpassed Japan in 1993
due to the strength of its computer and telecommunications sectors. In 2001, the Asia Pacific market surpassed all other regional markets in sales
as electronic equipment production shifted to the region. This data reflects sales of semiconductors to electronic equipment makers only – final
products are then shipped for consumption around the world.
200
180
Global Regional Semiconductor Market ($Billion)
Asia Pacific '13 57.1%
160
Americas '13 20.1%
140
Europe '13 11.4%
120
Japan '13 11.4%
100
80
60
40
20
0
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
'13
Source: World Semiconductor Trade Statistics and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 2: Global Market - 12 -
Section 3
Capital and R&D Investment
A Driving Force in Maintaining a Competitive Semiconductor
Industry
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 3: Capital and R&D Investment - 13 -
SECTION 3: CAPITAL AND R&D INVESTMENT
TOTAL ANNUAL LEVELS OF INVESTMENT IN CAPITAL AND R&D ARE HIGH FOR THE INDUSTRY
Total R&D and capital expenditures by U.S. semiconductor firms including fabless companies was $50.3 billion in
2013. During the 1993 to 2013 period, the average annual growth rate was approximately 20 percent. Investment
levels in dollar terms have not been subject to fluctuations associated with the Silicon Cycle.
60
R&D and Capital Expenditures ($Billion)
50
40
30
20
10
0
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
'13
Source: U.S. Semiconductor Companies’ Annual 10K Fillings to the USSEC and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 3: Capital and R&D Investment - 14 -
SECTION 3: CAPITAL AND R&D INVESTMENT
CAPITAL AND R&D INVESTMENT ARE CRITICAL TO MAINTAINING A COMPETITIVE SEMICONDUCTOR INDUSTRY
To remain competitive in the semiconductor industry, firms must continually invest a significant share of revenues in both R&D and
new plants and equipment. The pace of technological changes in the industry requires that companies develop more complex process
technology and introduce production machinery capable of manufacturing components with smaller feature sizes. The ability to
produce state-of-the-art semiconductor components can only be maintained through a continual commitment to keeping pace with
industry-wide investment rates of roughly 30% of sales. The need to stay on the leading edge of technology has resulted in some
extreme fluctuations in years such as 2001, when sales declined precipitously but expenditures on R&D and capital equipment didn’t
decline at the same rate.
40
% of Sales
35
30
25
20
15
10
5
0
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
'13
Source: U.S. Semiconductor Companies’ Annual 10K Fillings to the USSEC and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 3: Capital and R&D Investment - 15 -
SECTION 3: CAPITAL AND R&D INVESTMENT
INVESTMENT IN CAPITAL EXPENDITURES AND R&D PER EMPLOYEE IS VERY HIGH – IT HAS INCREASED AT
A RATE OF ABOUT 9 PERCENT PER YEAR OVER THE PAST 20 YEARS
From 1993 to 2013, total investment per employee (measured by combined R&D and new gross plant and
equipment) has increased at a rate of about 9 percent per year. These expenditures exceeded $100K in 2001 but
declined to roughly $85K in 2003 after the 2001 downturn. Investment per employee increased to over $100K in
2006. The 2008-2009 recession resulted in the decline of investment per employee in 2009 and 2010, but
returned to an unprecedented level at 2012.
140
K$ Per Employee
120
100
80
60
40
20
0
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
'13
Note: Employees reflect U.S. global employment.
Source: U.S. Semiconductor Companies’ Annual 10K Fillings to the USSEC and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 3: Capital and R&D Investment - 16 -
SECTION 3: CAPITAL AND R&D INVESTMENT
SEMICONDUCTOR INDUSTRY R&D EXPENDITURES ARE CONSISTENTLY HIGH WHICH REFLECTS THE
INHERENT IMPORTANCE OF R&D TO SEMICONDUCTOR FIRMS
Semiconductor industry R&D expenditures grew at an average annual rate of approximately 38 percent during the
1993 to 2013 period. R&D expenditures by U.S. semiconductor firms tend to be consistently high, regardless of
cycles in annual sales, which reflects the importance inherent in the industry of investing in R&D.
35
R&D Expenditure ($Billion)
30
25
20
15
10
5
0
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
'13
Source: U.S. Semiconductor Companies’ Annual 10K Fillings to the USSEC and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 3: Capital and R&D Investment - 17 -
SECTION 3: CAPITAL AND R&D INVESTMENT
ANNUAL R&D EXPENDITURES AS A PERCENT OF SALES HAVE GENERALLY EXCEEDED 10 PERCENT OVER THE PAST 20 YEARS,
AN UNPRECEDENTED RATE AMONG U.S. INDUSTRIES IN THE UNITED STATES
R&D expenditures as a percent of sales have generally exceeded 10 percent over the past 20 years. This rate is almost unprecedented
among major manufacturing sectors of the United States economy. While R&D expenditures as a percent of sales have exhibited some
cyclical fluctuations, total expenditures (measured in dollar terms) have risen at an average annual rate of over 37 percent over the
period. R&D expenditures are essential to the competitive position of firms within the semiconductor industry. The rapid pace of
technological change requires constant advancements in process technology and device capabilities. The increase in R&D in 2001 and
2002 was caused by companies’ commitment to the future of technology despite the industry downturn. The 2003-2004 decrease was
not due to a cut in R&D budgets but rather to a stronger than expected recovery in the industry which increased revenues faster than
expected and R&D fell as a percentage of sales. After the decline during 2008-2010, the rate returned to 19 percent in 2013.
25
% of Sales
20
15
10
5
0
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
'13
Source: U.S. Semiconductor Companies’ Annual 10K Fillings to the USSEC and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 3: Capital and R&D Investment - 18 -
SECTION 3: CAPITAL AND R&D INVESTMENT
THE U.S. SEMICONDUCTOR INDUSTRY SPENDS MORE ON R&D AS A PERCENT OF SALES THAN ANY OTHER U.S. INDUSTRY
The rate of U.S. semiconductor industry R&D spending is unsurpassed in key high technology industrial sectors.
Based on the 2013 EU Industrial R&D Investment Scoreboard, the semiconductor industry led all manufacturing
sectors in the rate of R&D spending as a percent of sales.
R&D Expenditures as a Percent of Sales
Semiconductors
18.9%
Mobile Telecommunications
17.7%
Pharmaceuticals & Biotechnology
15.7%
Software & Computer Services
Support Services
Media
11.5%
8.6%
7.1%
Technology Hardware & Equipment*
5.9%
Leisure Goods
5.3%
Electronic & Electrical Equipment*
4.3%
Equity Investment Instruments
4.2%
Note: *Excluding Semiconductors.
Source: The 2013 EU Industrial R&D Investment Scoreboard
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 3: Capital and R&D Investment - 19 -
SECTION 3: CAPITAL AND R&D INVESTMENT
U.S. SEMICONDUCTOR INDUSTRY CAPITAL EXPENDITURES REACHED A RECORD HIGH IN 2011 WITH THE INDUSTRY
CONTINUING TO INVEST SINGNIFICANTLY IN SUBSEQUENT YEARS
Semiconductor industry gross capital expenditures grew at an average annual rate of approximately 9 percent during the 1993 to 2013
period. Capital expenditures declined over the 2001-2003 period due both to the completion of major new facilities during the 1999 2001 period and outsourcing to foundries. 2004 saw a rebound and in 2005 the industry was in a balanced position in terms of capital
expenditures as a percentage of sales. In 2011, after a sharp decline in 2009, capital expenditures reached $19 billion---an all time
high.
20
18
Capital Expenditures ($Billion)
16
14
12
10
8
6
4
2
0
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
'13
Source: U.S. Semiconductor Companies’ Annual 10K Filling to the USSEC and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 3: Capital and R&D Investment - 20 -
Section 4
Jobs
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 4: Jobs - 21 -
SECTION 4: Jobs
THE U.S. SEMICONDUCTOR INDUSTRY ACCOUNTS FOR A QUARTER OF A MILLION DIRECT JOBS
AND OVER A MILLION ADDITIONAL INDIRECT JOBS
Source: U.S. Bureau of Labor Statistics and SIA estimates
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 4: Jobs - 22 -
Section 5
Produtivity
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 5: Productivity - 23 -
SECTION 5: Productivity
U.S.-BASED SEMICONDUCTOR FIRMS HAVE REPORTED RAPID IMPROVEMENTS IN PRODUCTIVITY OVER THE PAST 20 YEARS
Semiconductor industry labor productivity has increased over fourfold since 1993. These productivity gains have
been made possible by maintaining high capital investment levels and R&D spending rates. In 2013, the U.S.
semiconductor industry recorded an average sales revenue per employee ratio of over $424,000, slightly
decreased from $442,600 in 2011 – an all time high.
500
450
Sales Per Employee ($1,000)
400
350
300
250
200
150
100
50
0
'93
'94
'95
'96
'97
'98
'99
'00
'01
'02
'03
'04
'05
'06
'07
'08
'09
'10
'11
'12
'13
Note: Employees reflect U.S. global employment.
Source: U.S. Semiconductor Companies’ Annual 10K Fillings to the USSEC and SIA Estimates.
(C) 2014 Semiconductor Industry Association All Rights Reserved. Reproduction in
any form, in whole or part, without written permission is prohibited by law.
Section 5: Productivity - 24 -