💰 $81B for Canada's Education. 500MWh Drop in Waste Energy. Semiconductor Spend Rises 4x.
Chart of the Day #187 looks at Education Expenditure, Waste to Energy, and Semiconductors
Dia dhuit ☘️
Analog Devices and Tata Group are considering manufacturing semiconductors in India, leveraging Tata's $14B investment in new chip facilities. Germany’s power grid battery capacity rose nearly a third in 2024 to 1.8GWh. This growth supports the integration of renewable energy, which contributed 60% of electricity in the first half of the year.
Today's Topics
💰 Education Expenditure. 40% growth in Canada education spend
🗑️ Waste to Energy. 500MWh decline in US waste to electricity
🏿 Semiconductors. 4x rise in global semiconductor spend
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💰 40% Growth in Canada Education Spend
Canada's public education expenditure rose from 37B CAD in 2000 to over 80B CAD by 2021, with growth exceeding 16B CAD in the 2010s. Although spending dipped to 74B CAD in 2020 due to the COVID-19 pandemic it would rebound in 2021. By 2021, education spending reached 11.05% of GDP, significantly above the global average of 3.8%, driven by policies to improve equity and access and the need for technological integration in classrooms.
🗑️ 500MWh Decline in US Waste to Electricity
Net electric generation from waste-to-energy sources in the US decreased by over 500MWh between 2016 and 2017. This decline is largely attributed to stricter environmental regulations, and increased operational costs, alongside a growing emphasis on recycling which has diminished available waste for incineration.
🏿 4x Rise in Global Semiconductor Spend
From 2008 to 2022, global semiconductor equipment spending underwent substantial shifts toward Asia, with South Korea leading from $5B in 2008 to $24B in 2021, driven by major players in the technology industry. Taiwan's spending also climbed to $24B, influenced by Taiwan's advanced manufacturing and infrastructure. China peaked at $29B in 2021 as well. The rapid growth across all regions underscores the competitive landscape of the semiconductor industry.
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