A timeline of the US semiconductor market in 2025

The U.S. semiconductor market in the first half of 2025 has experienced significant turbulence amid the ongoing AI technology race. Intel underwent major leadership changes with Lip-Bu Tan appointed CEO, who quickly initiated organizational restructuring including planned layoffs of 15-20% in certain units and efforts to spin off non-core businesses such as its telecom chip division. Meanwhile, AMD aggressively expanded its AI hardware capabilities through acquisitions, including the teams behind Untether AI and Enosemi, a silicon photonics startup, positioning itself to challenge Nvidia’s dominance in AI chip technology. Nvidia faced considerable challenges due to U.S. government-imposed AI chip export restrictions, particularly on its H20 AI chips, which led to a projected $8 billion revenue loss in Q2 and a decision to exclude China-related revenue forecasts going forward. The U.S. government’s AI chip export policies have been contentious, with the Biden administration’s proposed AI Diffusion Rule ultimately abandoned in May, and the Trump administration signaling a different regulatory