Chipmakers have plans for new US factories. But not enough workers to run them.

Yahoo Finance

Ben Werschkul
August 8, 2023
Chipmakers are rebuilding the US semiconductor industry with $231 billion in new investments spurred by the enactment of the landmark CHIPS and Science Act a year ago.
But even as Biden officials celebrate the anniversary of that legislation this week, there are mounting concerns about whether enough skilled workers will be there to run these factories once they are online.
Labor shortages have already affected the construction of one major project in Phoenix. Meanwhile, a possible national shortfall could also complicate efforts in the year ahead by Intel (INTC) in central Ohio, Micron (MU) in upstate New York, as well as other new projects from Texas to Utah.
The issue could prove a headwind for America’s efforts to reverse a decades-long decline in semiconductor manufacturing and also complicate a key tenet of Biden’s case for re-election.

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