NAICS 334413 Quarterly Industry Report
Semiconductor and Related Device Manufacturing
Comprehensive industry research for valuation professionals, business owners, buyers, and lenders
NAICS Code: 334413Sector: 33Updated: Q1 2026
About This Report
This Fair Market Value industry profile for NAICS 334413 incorporates Census Bureau[5] establishment data, Bureau of Labor Statistics[6] employment statistics, and SBA[7] size standards for the semiconductor sector. Our research team tracks CHIPS Act implementation, trade statistics, and federal procurement patterns relevant to domestic chip production. Quarterly updates ensure this NAICS 334413 profile reflects current Census data and SBA regulatory revisions.
Industry Snapshot
Key metrics for the semiconductor and related device manufacturing industry.
Industry Definition & Overview
Semiconductor and Related Device Manufacturing (NAICS 334413) encompasses establishments primarily engaged in manufacturing semiconductors and related solid-state devices including integrated circuits, microprocessors, memory chips, logic devices, analog ICs, diodes, transistors, thyristors, solar cells, light-emitting diodes, and other optoelectronic components. Production involves wafer fabrication through photolithography, ion implantation, chemical vapor deposition, etching, metallization, and testing processes, as well as semiconductor packaging and assembly operations.
The U.S. Census Bureau[5] reports over 1,300 active establishments in this sector. This classification covers both integrated device manufacturers operating their own fabrication facilities and fabless design companies outsourcing wafer production while performing design, testing, and packaging domestically. Federal CHIPS Act investment has accelerated domestic fab construction, with new wafer fabrication plants announced across Arizona, Ohio, Texas, and New York representing billions of dollars in capital deployment.
Per the Bureau of Labor Statistics[6], the broader computer and electronic product manufacturing sector employs over one million workers. Semiconductor-specific roles include process engineers, photolithography technicians, clean room operators, wafer fabrication specialists, test engineers, and packaging technicians. Silicon wafers, photomasks, specialty gases, wet chemicals, sputtering targets, and lead frame materials represent primary production inputs. Domestic semiconductor output serves automotive, defense, telecommunications, computing, and industrial electronics supply chains requiring reliable chip access.
What's Included in This Industry
- Integrated circuit design and manufacturing including microprocessors and memory
- Analog and mixed-signal semiconductor device production
- Discrete semiconductor device manufacturing including diodes and transistors
- Solar cell and photovoltaic device manufacturing
- Light-emitting diode and optoelectronic component production
- Semiconductor wafer fabrication and foundry services
- Semiconductor packaging and assembly operations
- MEMS and sensor device manufacturing on semiconductor substrates
- Power semiconductor device production for motor drives and power conversion
- Semiconductor test and quality assurance operations
NAICS Classification Hierarchy
| Level | Description | Code |
|---|---|---|
| Subsector | Computer and Electronic Product Manufacturing | 334 |
| Industry Group | Semiconductor and Other Electronic Component Manufacturing | 3344 |
| NAICS Industry | Semiconductor and Other Electronic Component Manufacturing | 33441 |
| National Industry | Semiconductor and Related Device Manufacturing | 334413 |
Related NAICS Codes
| Code | Description | Relationship |
|---|---|---|
| 334412 | Bare Printed Circuit Board Manufacturing | Manufactures bare printed circuit boards that serve as substrates for mounting semiconductor devices during electronic assembly and system integration processes |
| 334418 | Printed Circuit Assembly (Electronic Assembly) Manufacturing | Produces printed circuit assemblies by mounting semiconductors onto circuit boards, representing a primary downstream customer for chip manufacturing output |
| 334419 | Other Electronic Component Manufacturing | Manufactures other electronic components including connectors, resistors, and capacitors that mount alongside semiconductors on printed circuit board assemblies |
| 333242 | Semiconductor Machinery Manufacturing | Produces semiconductor machinery and equipment including lithography systems, etching tools, and deposition chambers used in wafer fabrication processes |
| 334111 | Electronic Computer Manufacturing | Manufactures electronic computers incorporating microprocessors, memory chips, and controller ICs produced by semiconductor manufacturers as core system components |
| 334515 | Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals | Produces instruments for measuring semiconductor electrical characteristics including wafer probing, parametric testing, and reliability screening equipment |
Geographic Concentration
Top states by share of national establishments.
| # | State | % Est. | Total Est. |
|---|---|---|---|
| 1 | California | 35.0% | 273 |
| 2 | Texas | 11.7% | 91 |
| 3 | Arizona | 5.3% | 41 |
| 4 | Massachusetts | 5.1% | 40 |
| 5 | Oregon | 4.2% | 33 |
| 6 | New York | 4.1% | 32 |
| 7 | Florida | 4.0% | 31 |
| 8 | New Jersey | 2.7% | 21 |
| 9 | Washington | 2.6% | 20 |
| 10 | Minnesota | 2.4% | 19 |
% Of Establishments
0%
35%
Source: County Business Patterns, U.S. Census Bureau[3]
SBA Lending Summary
40
Total SBA Loans
$81.2M
Total Loan Volume
$2.0M
Average Loan Size
9 yrs
Average Loan Term
10.45%
Average Interest Rate
232
Jobs Supported
Source: SBA 7(a) Program Data, U.S. Small Business Administration — FY 2025[4]
Key Insight: The SBA[7] assigns NAICS 334413 a size standard of 1,250 employees. While major semiconductor firms operate massive fabrication complexes, hundreds of smaller design houses, specialty fabs, packaging firms, and test operations qualify as small businesses. These firms can access SBA 7(a) loans[8] for design tool licenses, test equipment, and clean room infrastructure investments. Additionally, 504/CDC loans[9] provide long-term, fixed-rate financing for major fixed assets such as real estate and equipment.
Top SBA Lenders
| # | Lender | Loans | Volume | Avg Loan |
|---|---|---|---|---|
| 1 | Brookline Bank, a Division of Beacon Bank and Trust | 8 | $39.4M | $4.9M |
| 2 | Fulton Bank, National Association | 8 | $39.0M | $4.9M |
| 3 | Lendistry SBLC, LLC | 8 | $2.4M | $300K |
| 4 | TD Bank, National Association | 16 | $448K | $28K |
Frequently Asked Questions
Common questions about this industry.
What types of businesses manufacture semiconductors?
Semiconductor manufacturers include integrated device manufacturers operating their own wafer fabs, fabless design companies outsourcing fabrication, pure-play foundries providing wafer manufacturing services, and outsourced assembly and test providers. Some firms specialize in analog ICs, power semiconductors, or RF devices. Others produce memory chips, microprocessors, or application-specific integrated circuits. Solar cell manufacturers and LED producers also fall within this classification.
How is the semiconductor manufacturing industry structured?
The U.S. Census Bureau[5] reports over 1,300 establishments in NAICS 334413. A small number of large integrated manufacturers and foundries operate capital-intensive wafer fabs costing billions to construct. Hundreds of fabless design companies create chip designs manufactured at foundry partners. Specialty firms produce discrete semiconductors, optoelectronics, MEMS sensors, and solar cells. CHIPS Act funding has stimulated new domestic fab construction across multiple states.
What is the SBA size standard for semiconductor manufacturers?
The SBA[7] sets the size standard at 1,250 employees for NAICS 334413. Many fabless design houses, specialty fabs, and semiconductor test companies operate below this threshold. Small business qualification provides access to federal procurement preferences and SBA-guaranteed financing supporting clean room construction, test equipment, and design tool investments.
What NAICS codes are related to semiconductor manufacturing?
Bare PCB manufacturing (334412) produces circuit board substrates. Printed circuit assembly (334418) mounts chips onto boards. Semiconductor equipment manufacturing (333242) builds lithography and etching tools. Per the Census Bureau[10], electronic component manufacturing (334419) covers passive devices and connectors that function alongside semiconductors in electronic systems.
What industries are major customers for semiconductor products?
Electronic assembly manufacturers (334418) consume semiconductors in high volume. Computer makers (334111) purchase processors and memory. Automotive manufacturers (336111) integrate microcontrollers and sensors into vehicle systems. According to the BLS[6], automotive electrification, artificial intelligence computing demand, and defense electronics modernization drive sustained growth in semiconductor consumption across multiple end markets.
What products and activities does NAICS 334413 include?
Products include microprocessors, memory chips, analog ICs, logic devices, power semiconductors, diodes, transistors, solar cells, LEDs, MEMS sensors, and optoelectronic devices. Manufacturing activities span wafer fabrication including photolithography, etching, ion implantation, chemical vapor deposition, metallization, wafer testing, die singulation, wire bonding, flip chip packaging, final electrical testing, and reliability screening before shipment.
Can semiconductor firms access SBA financing?
Companies with fewer than 1,250 employees qualify for SBA loan programs[11] including 7(a) loans and 504 fixed-asset financing. Applications include purchasing automated test equipment, wafer probing systems, clean room HVAC infrastructure, and EDA design tool licenses. Working capital lines support silicon wafer, photomask, and specialty chemical procurement for production runs with extended fabrication cycle times.
Where are semiconductor manufacturers concentrated in the United States?
Semiconductor production concentrates in Silicon Valley, Austin, Phoenix, Portland, and the Research Triangle area according to Census geographic data[12]. CHIPS Act investments have driven new fab announcements in Arizona, Ohio, Texas, and New York. Defense semiconductor producers operate near military technology hubs. Fabless design companies cluster in California, Massachusetts, and the Pacific Northwest where access to engineering talent drives facility location decisions.
Sources & References
Government datasets and editorial sources used in this report.
- [1]U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages bls.gov
- [2]U.S. Census Bureau, Economic Census census.gov
- [3]U.S. Census Bureau, County Business Patterns census.gov
- [4]U.S. Small Business Administration, SBA 7(a) Loan Program Data data.sba.gov
- [5]U.S. Census Bureau data.census.gov
- [6]Bureau of Labor Statistics bls.gov
- [7]SBA sba.gov
- [8]SBA 7(a) loans sba.gov
- [9]504/CDC loans sba.gov
- [10]Census Bureau census.gov
- [11]SBA loan programs sba.gov
- [12]Census geographic data census.gov
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