Semiconductor & Other Electronic Component Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/6/2024
SIC Codes: 3671, 3672, 3674, 3675, 3676, 3677, 3678, 3679
NAICS Codes: 3344
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Semiconductor & Other Electronic Component Manufacturing Industry Profile

Companies in this industry make semiconductors (computer chips) and other components used in electronic devices. Major companies include Broadcom, Intel, Micron Technology, and Qualcomm (all based in the US), along with Samsung Electronics and SK Hynix (both based in South Korea), Taiwan Semiconductor Manufacturing Company (Taiwan), and Toshiba (Japan).

Global semiconductor sales are expected to reach $515.1 billion by the end of 2023, with a projected growth of $576 billion by 2024, according to the Semiconductor Industry Association (SIA). Annual sales increased in Europe but decreased in Japan, the Americas, Asia Pacific, and China.

The US semiconductor and electronic component manufacturing industry consists of about 4,000 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $95 billion.


The industry depends highly on demand from the computer industry and makers of telecommunications products such as cell phones, which can vary sharply from year to year. Companies can be successful by producing standard parts at a low cost or by producing highly specialized components. Small companies can compete effectively with large ones by producing specialized products or developing new applications. Technological expertise is extremely important. The US industry is concentrated: the 50 largest companies generate about 65% of revenue.

US makers of semiconductors and other electronic components face competition from producers in other countries; at the same time, many US producers enjoy strong international sales. About 60% of US ...

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