US firms still dominate chip subsidies

A report by the OECD found that U.S. semiconductor firms received the most government support, while Chinese firms received subsidies amounting to nearly 10% of their sales in the early 2020s. The global semiconductor market, valued at $631 billion in 2024, is expected to grow due to investments in datacenters, AI, and autonomous driving, with the U.S. and Asia dominating key supply chain segments.