North America's Microchip Revolution Is Underway

As the U.S. strives to develop stronger regional supply chains for several key components supporting the green transition, both the U.S. and Mexico are constructing large-scale microchip manufacturing facilities. The U.S. is increasingly looking to move away from its dependence on China for critical minerals and manufactured components vital to a green transition. North America is expected to become a major hub for microchip manufacturing, despite playing a relatively minimal role in the global market at present. The global demand for semiconductors…