Electronics is one of the largest industries in the US and plays a critical role in almost every aspect of national security. It is directly responsible for the economic boom over the past ten years that propelled the US into an unparalleled superpower status. The US has capitalized on advancements in semiconductors, computing, storage, intelligent devices and sensors to achieve a competitive advantage. For example, the Semiconductor Industry Association (SIA) reported semiconductors as the number one industry in the US based upon its contribution to the nation's gross domestic product. Semiconductors are fundamental electronic components that transfer electricity as it passes through electronic circuits. Continued growth of this industry is a critical prerequisite to maintaining our technical superiority and leadership in this "Silicon Century."
Industry Studies 2001