US Semiconductor Manufacturing Equipment Market to Reach $24.83 Billion by 2031, Driven by AI and CHIPS Act

The United States semiconductor manufacturing equipment market is projected to grow from $14.44 billion in 2026 to $24.83 billion by 2031, with a CAGR of 11.4%. This growth is fueled by CHIPS Act incentives, domestic fab installations, and surging AI demand, accelerating equipment installation for wafer processing, assembly, packaging, and testing.