Will America’s Semiconductor Boom Survive the Challenge of a Dearth of Workers?

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The US is on the brink of a semiconductor manufacturing boom, boosted by funding from the federal government. However, a lack of skilled workers, including engineers, construction workers, and technicians, threatens to curtail the sector’s growth. The Deloitte consultancy warns the industry could face a shortfall of between 70,000 and 90,000 workers over the next few years, while McKinsey expects a shortage of around 300,000 engineers and skilled technicians by 2030. Supporters argue that awareness campaigns and funding for training programs, including community college partnerships, can help develop the workforce. Intel, which plans to invest $40bn in new chip factories in Arizona and Ohio, is backing such initiatives, anticipating the creation of 6,700 jobs over the next five to 10 years. Manufacturers seeking federal subsidies are expected to provide detailed plans on recruitment and retention of workers, including quality, affordable childcare for larger firms requesting $150m or more.

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