Helium demand set to quadruple28 Oct 2024 07:46
Rudyard “efficient development of processing facilities and rapid commercialisation.”
US Chips Act Set to Reshape Helium Demand in the US
Oct 25, 2024 Dr Shababa Selim
Helium. Periodic Table Element with Symbol He.
Two years after signing the US Chips Act into law for onshore chip manufacturing, over US$30 billion of the total US$39 billion in direct incentives have been awarded to date. With the remainder set for allocation by the end of the year, the US Chips Act is progressing steadily. Given helium's critical role in semiconductor production, onshoring chip manufacturing will have a significant knock-on impact on the helium demand for semiconductor manufacturing. According to IDTechEx forecasts in its report on the topic, "Helium Market 2025-2035: Applications, Alternatives, and Reclamation", helium demand for chip manufacturing will nearly quadruple in the US by 2035.
AI driving demand for semiconductors
Following the US Chips Act, several players have announced investments to expand production capacity in the US, particularly to manufacture advanced node technologies. Demand from AI, quantum computing, telecoms (e.g., 5G and beyond), electric vehicles, etc., is projected to be significant drivers of growth in semiconductor manufacturing and, hence, helium use. Helium's exceptionally high thermal conductivity and chemically inert nature allow the fast cooling of chips during production. With no other viable alternative to helium, IDTechEx predicts the global helium demand for semiconductor manufacturing to increase by over 5-fold by 2035, with the US alone expected to see the demand quadruple over the next decade
https://www.idtechex.com/en/research-article/us-chips-act-set-to-reshape-helium-demand-in-the-us/31919
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