U.S. Manufacturing Activity Hits Four-Year High in July

US manufacturing activity reached a four-year high in July, driven by surging demand for artificial intelligence (AI). The Institute for Supply Management's (ISM) Manufacturing PMI rose to 55.6% in Ju... Read original →

US manufacturing activity hit a four-year high, driven by surging AI investment, which is fueling demand for semiconductors and data centers. Companies like TSMC and NVIDIA are benefiting from increased 3nm and EUV production, while Siemens EDA and Spotfire see rising demand for design tools. Supply chain disruptions and geopolitical tensions are raising operational costs, especially in advanced packaging and PCB assembly. In response, global players are ramping up capital expenditure to secure tech leadership. Over the next 12–24 months, AI-driven manufacturing will accelerate global semiconductor CAPEX cycles, with data center construction becoming routine and high-performance chip demand rising. Supply chain localization is expected to intensify.