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ship scale is the second pillar of the virtuous circle of innovation in 2018 the output value of the U.S semiconductor industry docHubed 226 billion US Dollars far exceeding the semiconductor industry in other competitive regions its size is twice that if South Koreas semiconductor industry five times that of Japan six times that of Europe and 15 times that of China over the past three decades the chip industry has been at the heart of successive revolutionary developments in information and communication technology ICT in turn breakthroughs in ICT have been a driver of economic growth allowing the United States to substantially outperform other high-income countries in both productivity growth and real GDP growth since 1988. U.S chip technology has enabled the advancement of these application Technologies to affect other countries and regions in the world for example mobile Communications has historically been the most globally adopted technology with a global economic impact estimat
