Australia could triple semiconductor output and add $5.3B to economy by 2040
A roadmap shows how government support could triple Australia's semiconductor output by 2040. This would add $5.3B to the economy.
The Semiconductor Sector Service Bureau releases a roadmap Thursday. The roadmap outlines how to boost Australia's chip design and manufacturing through 2040.
Deloitte research shows what is at stake. If Australia matches other advanced economies, the industry could triple output.
This would add $5.3B to the economy. Getting it wrong could cost $14.7B instead.
Several Australian companies already do excellent work with almost no government support. They lack talent, funding, and national coordination.
The roadmap focuses on five areas. They are coordination, workforce development, investment, commercialisation, and infrastructure.
The federal government has committed $45M under the National Reconstruction Fund. Semiconductors matter for AI, quantum computing, and advanced manufacturing.
- $5.3 billion by 2040
- Potential economy boost
- 18 months
- Research period
- $14.7 billion
- Cost of inaction
Why it mattersSemiconductors power critical infrastructure, health systems, agriculture and defence. Without domestic capability, Australia faces global supply chain disruptions.
AustraliaAustralia does not need to build all its own chips, but the roadmap shows the nation can excel in areas where it already leads: critical minerals, chip design and advanced manufacture. Government backing would create jobs and strengthen supply security.
✓ Claims checked against the source and corrected before publish. checked 4 h ago
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