"Projected Labor Shortage: US Chip Industry Faces 67,000 Worker Deficit by 2030"
The U.S. semiconductor industry is expected to face a shortage of approximately 67,000 workers by 2030, according to a study by the Semiconductor Industry Association (SIA) and Oxford Economics. Despite the projected growth of the industry's workforce to 460,000 by the end of the decade, the current rate of graduates from schools will not be sufficient to fill the increase. The study highlights the need to strengthen the domestic chip sector, with the recently signed CHIPS Act providing funding for new manufacturing sites and research and development. The shortage of skilled chip workers is part of a larger shortfall of science, technology, engineering, and math (STEM) graduates in the U.S.