Semiconductor chips and their production are foun-dational for future innovation, future developments of digitalization, and economic prosperity. However, the role of production when discussing who is cre-ating and capturing value across different industrial supply chains has often been underestimated. In this report, we analyze the distribution of the value add-ed in the semiconductor supply chain. Value added analysis is insufficient on its own to understand the importance of production; therefore, we also exam-ine the share of operating profits that has been rein-vested in the growth of tangible and intangible assets. Based on value added and reinvesting cycle analysis, we discuss production intensity, and we draw conclu-sion regarding how important production is for differ-ent supply chains and industries.