Q3 2025 Quarterly Market Insights 2 - Flipbook - Page 4
Americas
Market & regional dynamics
North America remained a hub for R&D and advanced design while fab builds expanded
thanks to CHIPS Act awards and state-level incentives; SEMI and industry updates show
a wave of U.S. projects (advanced fabs, packaging, and legacy capacity) commencing
construction or accelerating in 2025.
Memory & pricing impact in the Americas
U.S. server/cloud customers were pivotal in driving DRAM/HBM price recovery - early Q3
pull-ins from hyperscalers tightened supply for server DRAM and HBM, supporting the
price increases cited by market trackers. Micron’s results and commentary during the
period reflected cloud/HPC demand as a key revenue contributor.
Fabs, funding & corporate moves
Large projects continued to dominate: major foundries and IDMs - TSMC, Intel, Samsung,
GlobalFoundries, and others - pursued multi-billion-dollar expansions in the U.S., often
backed by federal and state incentives. Analysts noted an acceleration in announced
funding and grants in 2025 as governments competed to secure semiconductor
supply chains.
On policy, CHIPS-era awards and intent notices tended to favour projects with local
supply-chain linkages (packaging, substrates, materials, and workforce development),
reinforcing an ecosystem approach rather than isolated fab builds.
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