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Chip Industry Sees Labor Shortages Threatening U.S. Expansion Plans

By Bloomberg

July 28, 2023

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The U.S. Semiconductor Industry Association warns that there won't be enough engineers, computer scientists, and technicians in the United States to support a rapid expansion this decade, threatening efforts to boost the domestic chip economy.

Chipmakers are on course to add about 115,000 jobs by 2030, the SIA said, citing a survey it commissioned. Based on an Oxford Economics study of current degree completion rates, though, about 58% of those projected positions could remain unfilled.

Not enough Americans are studying STEM-related subjects, the SIA says. And people from other countries who are acquiring those skills are leaving, it says.

At U.S. colleges and universities, more than 50% of master's engineering graduates and 60% of those with a Ph.D. in engineering are citizens of other countries. About 80% of those master's graduates and 25% of those who earn doctorates depart the U.S. — either by choice or because immigration policy doesn't allow them to stay.

From Bloomberg
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