US Chip Industry Faces Talent Crunch, Plans Heavy Investment to Bridge the Gap

July 03, 2024 – The Biden administration has announced a new initiative aimed at bolstering the U.S. computer chip workforce, in an effort to counteract the potential threat posed by labor shortages to domestic semiconductor production. Dubbed the “Workforce Partner Alliance,” the program will tap into a portion of the 5billionfederalfundsreservedforthenewlyestablishedNationalSemiconductorTechnologyCenter(NSTC).TheNSTCintendstoawardsubsidiestoupto10labordevelopmentprojects,withbudgetsrangingfrom500,000 to $2 million each….

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