6 Biggest Semiconductor Manufacturers in the U.S.

TI’s annual revenue for 2023 was $17.5 billion, representing a 12.53% decline from 2022. The company cited a broad demand slowdown for products in industries like automotive and personal electronics.

5. Intel

Founded in 1968 and headquartered in Santa Clara, California, Intel is a multinational corporation that manufactures semiconductor chips, graphics chips, motherboard chipsets, and other computing devices. It is currently the world’s largest manufacturer of central processing units and semiconductors. 

Intel currently operates 15 wafer fabs in 10 global locations. Production sites in the U.S. are located in Chandler, Arizona; Rio Rancho, New Mexico; and Hillsboro, Oregon.

In March 2024, Intel’s CEO revealed that the company planned to produce at least 50% of the world’s advanced semiconductors in the U.S. and Europe by the end of the decade. Over the next five years, Intel expects to invest more than $100 billion—with CHIPS support—to expand the capacity and capabilities of its U.S. fabs.

Intel’s investments are expected to create more than 9,000 new intel jobs, 19,000 construction jobs, and 58,000 indirect jobs with suppliers and supporting industries.

6. Micron

Micron was founded in 1978 in Boise, Idaho, as a technology consulting firm. A few years later, its four founders pivoted to chip development, a move they described as “totally fortuitous.” 

Micron is now a leader in semiconductor manufacturing, with revenue of $15.54 billion in 2023, and one of three companies that make more than 90% of the world’s dynamic random-access memory (DRAM) chips. It employs 43,000 people and operates worldwide, with sites in China, India, Japan, Taiwan, Italy, Germany, and France. Its products are used in automobiles, consumer electronics, servers, and computers.

In the next six years, Micron plans to invest $50 billion to expand its leading-edge memory manufacturing on U.S. soil. Partially funded by CHIPS, the investments will support the development of a new manufacturing center in Boise, Idaho — located alongside Micron’s research and development center — and a four-fab manufacturing complex in Clay, New York, which will be the biggest chip project in U.S. history. The facilities will create around 75,000 American jobs over the next 20 years.