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Biden Administration Launches Program To Bolster US Chip Workforce

Shivani Kumaresan
·2-min read
Biden Administration Launches Program To Bolster US Chip Workforce
Biden Administration Launches Program To Bolster US Chip Workforce

The Biden administration has initiated a new program to develop the U.S. computer-chip workforce, aiming to prevent a labor shortage that could hinder domestic semiconductor production.

The initiative, called the workforce partner alliance, will utilize part of the $5 billion federal funding allocated for the National Semiconductor Technology Center (NSTC).

Bloomberg reported that up to 10 workforce development projects will receive grants ranging from $500,000 to $2 million.

The NSTC will launch additional application processes in the coming months, determining the total spending after all proposals are reviewed.

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This funding comes from the 2022 Chips and Science Act, which earmarked $39 billion in grants for U.S. chipmaking and $11 billion for semiconductor research, including the NSTC.

Companies have pledged over ten times this amount, reshaping the global semiconductor supply chain. This announcement marks the first workforce-focused funding effort under the legislation.

Officials have cautioned that new factories could struggle without substantial labor investment, with estimates predicting a shortfall of 90,000 technicians by 2030.

Since the Chips Act was signed, over 50 community colleges have introduced or expanded semiconductor-related programs.

Major recipients of Chips Act funding—Intel Corp. (NASDAQ:INTC), Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), Samsung Electronics Co Ltd (OTC:SSNLF), and Micron Technology Inc. (NASDAQ:MU), each allocated $40 million to $50 million for workforce development.

Additionally, the Commerce Department announced a $6.7 million grant to Rogue Valley Microdevices to support a new Florida factory for defense and biomedical chip applications.

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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via Shutterstock

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This article Biden Administration Launches Program To Bolster US Chip Workforce originally appeared on Benzinga.com

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