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The U.S. semiconductor industry has nearly half the global market share and has displayed steady annual growth since the late 1990s. U.S. semiconductor firms maintain a leading or highly competitive position in R&D, design, and manufacturing process technology, and benefit from a virtuous cycle of innovation due to their market share leadership. However, the U.S. industry lags its Asian-based competitors in some business model subsegments, such as memory and discrete semiconductors. The U.S. is the undisputed technology leader in advanced semiconductor chip design, including the platform technologies needed for AI.
