CHIPS Act Impact: 50% of Fastest Growing Semiconductors Companies Have Most Employees in the USA

The CHIPS Act was passed and singed into law in August 2022 in the USA. This was aimed at strengthening the domestic semiconductor manufacturing, design, and research capabilities of the USA. Till December 2022, this had resulted in over $200 billion in private investments.

One year later, the impact of this is visible. In this post, we assess it by looking at the fastest growing semiconductor companies by headcount across the world.

After identifying all the semiconductor manufacturing companies across the world, we found that only 70 of them actually grew in headcount over last year.

Fastest Growing Semiconductor Manufacturers by Headcount

Top 10 fastest growing Semiconductor companies by headcount

1. Inorganic Intelligence

2. PASQAL

3. Axelera AI

4. Tenstorrent

5. SiPearl

6. Rebellions.ai

7. Pallidus

8. Deci AI

9. Astera Labs

10. NeuReality

Here is their headcount growth over time:

Largest Headcount Country

Of all the 70 growing semiconductor companies, more than 50% of them have most employees in the USA.

Engineering Team Size

Of all the 70 growing semiconductor companies, over 60% have nearly half their staff in the Engineering department.

Last Funding Round

Of all the 70 growing semiconductor companies, more than 35% of them have raised either Series A or Series B as their last funding round.

Here's the median headcount growth of all growing semiconductor companies by their last funding round. Series-A and Series-B companies show the highest growth.

Access the complete data 👇

Download the complete list of 70 growing semiconductor companies included in the analysis above.

The CSV has 32 columns with

• headcount growth metrics

• headcount over time

• headcount by function

• funding milestones

• website traffic

• firmographics

• and founder contact details

About the data

The data seen above is from Crustdata - the most accurate AI powered data-driven market intelligence platform for private growth stage investors and sales leaders. It indexes billions of public data points on companies every week to provide an edge over the private market.