Biden Administration Unveils Workforce Plan to Tackle Semiconductor Labor Shortage

The initiative aims to train thousands of technicians and engineers to support the growing US chip industry, utilizing CHIPS Act funding.

Up to 10 workforce development projects will receive grants ranging from $500,000 to $2 million.
The program is part of the $5 billion allocated for the National Semiconductor Technology Center.
Estimates predict a shortfall of 90,000 technicians by 2030 if no action is taken.
Over 50 community colleges have launched or expanded semiconductor-related programs since the CHIPS Act was signed.
Major companies like Intel, TSMC, Samsung, and Micron have committed significant funds to workforce development.