#IntelImpact - Understanding Direct, Indirect and Induced Impact
A comprehensive report on the impact of the semiconductor industry highlights the various impacts on a region. The report, published in May 2021, advocates for a $50 billion federal investment program to incentivize domestic semiconductor manufacturing.
DIRECT IMPACT: Intel plans to employ 3,000 at their facility in northwest Licking County (OH).
Examples include:
assemblers and fabricators
maintenance and repair workers
logisticians
management analysts
software developers
engineers
electricians
procurement clerks
INDIRECT IMPACT: Jobs created by the suppliers of Intel (e.g. security providers, IT support, and legal services) and, in turn, within the supply chains of those suppliers.
Examples include:
Electronic devices (part of manufacturing);
Insurance (part of financial activities);
Electricity (part of trade transportation, and utilities).
INDUCED IMPACT: represents the economic activity supported by the consumer spending of wages by those employed directly by the semiconductor industry or in its supply chains.
Examples include:
Housing (part of financial activities);
Transportation (part of trade transportation, and utilities);
Healthcare (part of education and health services).
Economic impact of the semiconductor industry on the U.S., 2020