How data and analytics build a stable future for manufacturers
The CHIPS and Science Act promises a bright future for the U.S. semiconductor industry. The legislation aims to increase domestic production capacity, build a stronger workforce and encourage American innovation. But high-tech manufacturers can't sit around waiting to reap the benefits -- they must focus on revenue optimization now to set themselves up for success.
Experts forecast semiconductor demand to surge 6-8 percent per year, requiring manufacturers to double current production. Despite the CHIPS Act inspiring $200 billion in new commitments to U.S. manufacturing, the industry is unlikely to experience significant production capacity growth for several years. What should companies do in the interim? Improve data and analytics processes to build better business practices.