I/O Fund Official Technology Analyst Beth Kindig breaks down the technology sector on 'Making Money.'will need around 67,000 workers by 2030, according to a study prepared by the Semiconductor Industry Association and Oxford Economics.sits at roughly 345,000 in 2023 but is predicted to reach 460,000 by the end of the decade. The study said that at the current rate that people are graduating from schools, the U.S. will not have enough qualified workers to fill the increase.
The study comes as the U.S. works to strengthen its domestic chip sector. The CHIPS Act, which sets aside money for new manufacturing sites, research and development, was signed into law on Aug. 9, 2022. At Ohio State's Nanotech West Lab, engineering students learn how to turn design, fabricate, and assess semiconductors.is overseeing the $39 billion in manufacturing subsidies stipulated under the act, with companies like Intel, Taiwan Semiconductor Manufacturing and Samsung Electronics saying they will apply for the grants.
The law also created a 25% investment tax credit for building new chip factories, or fabs, worth $24 billion.
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