US Semiconductor Industry Faces Shortfall of Up to 157,000 Workers by 2030
What happened
A joint analysis by McKinsey & Company, the SEMI Foundation, and the National Science Foundation projects that the US semiconductor industry faces a shortfall of up to 157,000 workers by 2030. The shortage is driven by the fact that only 3 percent of engineering graduates choose semiconductor manufacturing, against a projected demand of 88,000 semiconductor engineers by 2029.
From techtimes.com
Why it matters
This workforce gap emerges while the United States builds what is described as the most expensive and consequential industrial infrastructure in a generation. The industry is struggling to find enough technical personnel to support this massive build-out.
From techtimes.com
Who's involved
- National Science FoundationUnited States government agency involved in the joint analysis of the industry's future.
- McKinsey & CompanyGlobal management consulting firm collaborating on the analysis of the industry's future.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Amazon Web ServicesSpeculative
The shortage of AI and software engineers could increase operational costs and slow scaling for cloud providers like Amazon Web Services.
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The entities involved
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National Science Foundation
United States government agency
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McKinsey & Company
global management consulting firm
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