Work in progress

{
  "id": "MLC-T-SEM-000390",
  "term": "Work in progress",
  "field": "Semiconductors",
  "definition": "The total inventory of semiconductor wafers that have begun the manufacturing process but are not yet completed as finished devices. This work in progress (WIP) includes all lots currently on the factory floor, whether they are being actively processed, queued for a tool, or in transit between steps. WIP levels are a key metric for fab management, directly impacting cycle time, capital efficiency, and the ability to respond to changes in demand.",
  "abbreviation": "WIP",
  "subject": "Smart Manufacturing & AI",
  "url": "https://mlchart.com/terminology/semiconductors/work-in-progress/"
}