GlobalFoundries races to find semiconductor talent as demand for chips soars
What is the CHIPS and Science Act's role in the semiconductor industry?
The CHIPS and Science Act aims to boost the U.S. semiconductor industry by providing substantial funding and incentives for research, development, and domestic production of semiconductors. It seeks to address the talent shortage in the industry and catalyze investments in advanced technologies, such as quantum computing, AI, clean energy, and nanotechnology, while creating a more inclusive STEM workforce.
How many workers does the U.S. economy project to lack by 2030?
The U.S. economy is projected to lack around 1 million workers by 2030, according to a study by the Semiconductor Industry Association5. This shortage is particularly significant in the semiconductor industry, which is expected to face a deficit of 67,000 technicians, computer scientists, and engineers by 2030.
What strategies is GlobalFoundries using to recruit talent?
GlobalFoundries is casting a wide net to recruit talent by seeking out veteran candidates, employees from workforce reentry programs, and an initiative for women in construction1. They have also launched the sector's first registered apprenticeship program and recruit graduates with technical associate degrees from regional community colleges and veterans transitioning out of the military.