Texas Instruments and GlobalWafers were awarded significant U.S. CHIPS Act grants this quarter, driving greenfield fab development and creating opportunities for water solution providers. With over US$190 billion in announced facilities, all requiring water and wastewater management, demand for solutions remains strong. However, increased semiconductor production has elevated demand for per- and polyfluoroalkyl substance (PFAS)—used in the manufacturing process, contradicting national efforts to reduce PFAS contamination in water supplies. Chemours’ recent permit approval for PFAS production expansion in West Virginia has spotlighted the issue, with anticipated stricter PFAS treatment requirements expected to drive CAPEX in sequestration and destruction technologies.
Bluefield’s team of water experts tracks the emerging trends and strategies influencing industrial water management. The market landscape is changing, from corporate sustainability strategies to emerging industry trends influencing water management. This quarterly analysis includes a brief overview of recent events and factors impacting companies across the value chain.
In this Quarterly Review:
- Rollout of government funding for semiconductors continues, water opportunity builds
- New facility announcements are spanning multiple high-growth industries
- M&A ramps up for industrial treatment
- The water sector for industrials continues to gain contract wins amid signs of reduced demand
