The United States possessed approximately 12% of the world's global chip manufacturing capacity as of 2021. This is a notably lower percentage of global capacity than the US enjoyed just a few decades previously (37% in 1990, for instance), before countries such as Taiwan and China ramped up their semiconductor production capabilities. Despite this decline, the semiconductor industry remains quite lucrative in the US. According to the Semiconductor Industry Association (SIA), semiconductors exports added $62 billion (USD) to the US economy in 2021, more than any product other than refined oil, aircraft, crude oil, and natural gas. Many of these imported chips return to the US in the form of finished consumer electronics.

Although the US held just 12% of the world's total semiconductor manufacturing capacity in 2021, US-based companies held approximately 46.3 percent of the total semiconductor market share. This seeming discrepancy can be explained by both the dollar value of imported US semiconductors, outlined above, and the fact that many US-based companies own and operate semiconductor fabrication plants in other countries, such as Japan. In such cases, the manufacturing capacity is added to that country's capacity rather than the capacity of the US, but the profits typically count as part of the US economy.

Top 5 Countries That Produce the Most Semiconductors:

    1 Taiwan
    2 South Korea
    3 Japan
    4 United States
    5 China

According to https://worldpopulationreview.com/country-rankings/semicondu... the US has 95 fabs as of 2024 and 12% of Advanced Processes Market Share. The US had 37% in the 1990

Germany has 22

France has 5

Spain has 1

UK has 16

Ireland has 3

Italy has 2

Sweden has 1

Finland has 1

It's simpler than that. The USA holds the majority of the IP.

do you really think fabs are labor-intensive, or that they discharge toxic waste?

Nonsense, Americans pay the most for health insurance. It's merely about how you use the money. Same with education. The American economy is so great it could afford an entire second military industrial complex and still have enough money left for healthcare and education.

Firstly, you don't need to spend America levels (more than than the next world powers combined) to have an efective military deterrent, since currently most EU member states barely spend 2% GDP on defense which is too little. You can have a strong military AND welfare services if you're smart about your state finances which many EU members are not(looking at you Germany), especially since defense investments create more jobs and innovations flowing back into the state coffers. Switzerland is a good example.

Secondly, America's defense is way more expensive than it needs to be due to a lot of high level corruption and lobbying from the military industrial complex profiteering when it comes to purchasing decisions, where a 10$ bag of bolts is bought by the military for 50K$, shovelings taxpayer money into the right private industry pockets. EU can achieve similar results with way less cost if it wanted to by minimizing this style of corruption but that's easier said than done. The only one rivaling America's military inefficiency is Germany who spends more than France, a nuclear power with aircraft carriers, but can't afford to issue underwear and dog tags to new conscripts.

Thirdly, America's lack of social services is not due to its powerful military, but due to political choices and inefficiencies. It could easily have better welfare if it wanted to since it can afford it with the world's largest GDP, but it chooses not to, since the current status quo is enriching a lot of private enterprises and parasites, while the concept of even more welfare is usually not a popular topic with the US voters which see welfare recipients as lazy and an unnecessary money sink funded by higher taxes on the middle class which they don't want. So their issue is social and political, not economical.

But being the "policeman of the world" has helped with preserving dollar's status as the major currency for international transactions between third countries, and in particular for oil, which in turn makes the dollar a desirable currency, because everyone has and wants to have dollars, and has allowed the federal central bank to print the trillions of dollars it had been printing over and over without it losing its value. Any other country's currency would have been super-inflated if they did the same.

> Lots of bad decisions but the world also takes for granted the open seas, etc. that come at a great cost to Americans in reduced social services like health insurance and higher education.

Thanks for the laugh

> but there is a large financial cost to always being ready for war. The US has spent 80 years being the "policeman of the world" for good or bad.

The US has never gone through the stage of being "ready for war" and instead went for the "living from one war to the next"

> takes for granted the open seas

The open seas is a myth. It is the American seas unless you have a lot of nuclear weapons.

> that come at a great cost to Americans in reduced social services like health insurance and higher education

But also brought lots of business and investment too. On total it's positive, otherwise the US would not do it. *I am not saying the distribution of the incoming wealth was equal.

You should update your information.