"Challenges in Hiring Slow Down Biden's $52 Billion Chip Investment"
US chipmakers are facing challenges in filling key positions, with the hiring process taking more than twice as long as other industries, according to a study by Revelio Labs. This labor shortage poses a threat to President Biden's $52 billion investment in the domestic chip industry, aimed at reducing reliance on Asian supply chains and creating jobs. The Semiconductor Industry Association predicts the industry will add 115,000 jobs by 2030, but with current degree completion rates, nearly three-fifths of those jobs could remain unfilled. The industry is grappling with a lack of candidates with science, technology, and engineering backgrounds. Efforts are being made to address the issue through partnerships with educational institutions and potential immigration reform, but progress remains slow.