| SIC Codes: | 3661 3671 3672 3674 3675 3678 3676 3679 |
| NAICS Codes: | 334416 334417 334418 334419 334413 334412 |
The US semiconductor and electronic component manufacturing industry consists of about 4,300 companies with combined annual revenue of about $120 billion. Major US companies include Intel, Jabil Circuit, Texas Instruments, and Samsung Electronics America. The industry is highly concentrated: the 50 largest companies generate about 65 percent of revenue.
The industry depends highly on demand from the computer industry and makers of telecommunications products such as cell phones, which can vary sharply from year to year. Companies can be successful producing standard parts at low cost or by producing highly specialized components. Small companies can compete effectively with large ones by producing specialized products or developing new applications. Technological expertise is extremely important. The industry is capital-intensive: average annual revenue per worker is more than $315,000.
Major products include semiconductors (computer chips); printed circuit boards; and various components like electron tubes and electronic connectors. Semiconductors account for 60 percent of industry revenue, printed circuit assembly for 20 percent.
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