US chip manufacturing capacity projected to triple by 2032, fueled by CHIPS Act: Industry leader

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 42 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 62%
  • Publisher: 63%

John Neuffer News

President Biden,SIA,Chip Design

US chip manufacturing capacity is projected to triple by 2032, according to a new report published by the Semiconductor Industry Association (SIA), signaling...

published by the Semiconductor Industry Association , signaling progress nearly two years after President Biden signed the CHIPS and Science Act into law.

The report card, conducted in partnership with Boston Consulting Group, comes amid a global push to expand chipmaking capacity to address growing demand, particularly into pass the $50 billion CHIPS Act in 2022, aimed at bringing manufacturing back to the US. The incentives included in that package have attracted nearly half a trillion dollars in investments to build fabrication facilities in the US, according to Neuffer., has been the biggest beneficiary.

Neuffer said the semiconductor industry faces a projected shortfall of 67,000 workers this decade, particularly with a lack of engineers, computer scientists, and technicians. He said more training programs and STEM course development are needed to support an industry whose workforce is expected to grow by nearly 115,000 jobs in that time period.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US to Triple Chipmaking Capacity by 2032, Industry Group SaysUS chip production is poised to explode in coming years, helping ease a risky dependency on East Asia, according to a projection by the Semiconductor Industry Association.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

US chip output to see massive growth by 2032: Industry leaderThe Semiconductor Industry Association (SIA) projects the United States' manufacturing capacity for semiconductors to increase by more than three-fold by...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

B.C. cannabis industry calls for government actionIndustry urges government to implement Cannabis Act final report recommendations
Source: PGCitizen - 🏆 65. / 51 Read more »

B.C. cannabis industry calls for government actionIndustry urges government to implement Cannabis Act final report recommendations
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »