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The U.S. holds a prominent position in chip design globally, yet its role in semiconductor manufacturing has diminished over the years. Effective talent management strategies are becoming pivotal in determining success in the semiconductor manufacturing sector. Those seeking to thrive can glean valuable insights from addressing this talent gap. To secure a skilled workforce for manufacturing objectives, semiconductor firms could explore a comprehensive strategic approach. Find out more in our new article.

REINVIGORATING US SEMICONDUCTOR MANUFACTURING: CHIPS ACT IN ACTION Over the past three decades, the United States' share of global semiconductor production has declined from 37% to just 12%. In contrast, China's chip manufacturing has surged, now comprising 18% of the world's supply. The semiconductor industry's vulnerabilities were laid bare in 2021 during a global supply chain crisis, prompting a call for the reshoring of chip manufacturing to the US. In response, the Biden-Harris Administration championed the CHIPS and Science Act in August 2022, allocating $52.7 billion to the US Department of Commerce for the CHIPS for America program. This initiative aims to revitalize US semiconductor research, development, and manufacturing. Under the CHIPS Act, major semiconductor players like Intel, Samsung, Micron, TSMC, and Texas Instruments announced plans for new chip fabrication plants in the US. Qualcomm also committed $4.2 billion to double chip production in New York. The CHIPS Act offers substantial incentives, but the Department of Commerce emphasizes that the real transformation will come from private-sector investments. Over $230 billion has been invested in semiconductor manufacturing since the Biden Administration began, with $166 billion following the CHIPS Act. Micron plans to invest up to $100 billion in US expansions, while TSMC committed to a $40 billion investment, one of the largest foreign investments in US history. Taiwan and South Korea dominate global semiconductor manufacturing, with Japan and the EU contributing significantly. The CHIPS Act's impact will unfold gradually, taking several years to fully materialize. Labor shortages pose challenges, requiring companies to invest in training programs. The Department of Commerce is actively engaging with companies, aiming to ensure responsible spending for economic and national security interests. The CHIPS Act marks a significant step forward. Over the next year, billions more will be allocated to strengthen US semiconductor production, research and development, national security, and job creation, reaffirming the US as a semiconductor leader. Thanks again to Computerworld for the article. Are you looking to buy or sell used semiconductor equipment? VISIT Moov Technologies Inc. and browse their 4 billion dollars of equipment listings around the world. stay updated with industry shifts, check out the link in the comments. #semiconductorindustry #technology #computerchips

𝗨𝗦 𝗰𝗵𝗶𝗽 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗰𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝘁𝗿𝗶𝗽𝗹𝗲 𝗯𝘆 𝟮𝟬𝟯𝟮, 𝗳𝘂𝗲𝗹𝗲𝗱 𝗯𝘆 𝗖𝗛𝗜𝗣𝗦 𝗔𝗰𝘁: 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗹𝗲𝗮𝗱𝗲𝗿 Key Points 👇👇👇 According to a new report published by the Semiconductor Industry Association and Boston Consulting Group (BCG). The projected 203% growth is the largest percent increase in the world over that time. ✔ 𝗨𝗦 𝗖𝗵𝗶𝗽 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗖𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝘁𝗼 𝗧𝗿𝗶𝗽𝗹𝗲 𝗯𝘆 𝟮𝟬𝟯𝟮: According to a new report by the Semiconductor Industry Association (SIA), the US is set to significantly boost its chip manufacturing capacity, tripling by 2032. ✔ 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗚𝗹𝗼𝗯𝗮𝗹 𝗦𝗵𝗮𝗿𝗲: This growth will increase the US's share of global semiconductor production from 10% to 14%, marking the first significant expansion in decades. ✔ 𝗣𝗿𝗼𝗴𝗿𝗲𝘀𝘀 𝗗𝗿𝗶𝘃𝗲𝗻 𝗯𝘆 𝗖𝗛𝗜𝗣𝗦 𝗔𝗰𝘁: The CHIPS and Science Act, signed into law by President Biden nearly two years ago, has been instrumental in this turnaround, attracting nearly half a trillion dollars in investments for US fabrication facilities. ✔ 𝗞𝗲𝘆 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁𝘀: Intel has been the largest beneficiary, receiving $8.5 billion in federal grants and investing over $100 billion to expand operations in Arizona, New Mexico, and Oregon. ✔ 𝗚𝗹𝗼𝗯𝗮𝗹 𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻: The US efforts are part of a global race, with Europe, Japan, and China also making significant investments to boost their chip manufacturing capabilities. ✔ 𝗣𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝗔𝗱𝘃𝗮𝗻𝗰𝗲𝗱 𝗖𝗵𝗶𝗽 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗵𝗮𝗿𝗲: By 2032, the US is expected to capture 28% of the market for chips below 10 nanometers, thanks to these substantial investments. ✔ 𝗦𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁 𝗣𝗿𝗶𝘃𝗮𝘁𝗲 𝗦𝗲𝗰𝘁𝗼𝗿 𝗖𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻: The SIA estimates private investments in wafer fabrication will total $2.3 trillion by 2032. ✔ 𝗝𝗼𝗵𝗻 𝗡𝗲𝘂𝗳𝗳𝗲𝗿'𝘀 𝗜𝗻𝘀𝗶𝗴𝗵𝘁: John Neuffer, president and CEO of SIA, emphasized the strategic importance of the CHIPS Act in leveling the playing field for US-based manufacturing and the positive direction of the industry. #semiconductor #chipsact #semiconductors https://lnkd.in/ezpMUxMK

The CHIPS Act represents a vital step toward revitalizing the US semiconductor industry and securing its role in the global supply chain. Private-sector investments are key to long-term success. #semiconductor #semiconductorindustry #manufacturing #technology #computerchips #china #enginering

Biden’s CHIPS Act Drives High Expectations for U.S. Semiconductor Success Amid China’s Struggles The U.S. semiconductor industry is experiencing a remarkable resurgence, fueled by strong expectations from strategic investments and the impactful CHIPS Act. Recent data from the Semiconductor Industry Association (SIA) reveals that global semiconductor sales surged by 15.8% year-over-year in April 2024, reaching $46.4 billion. This significant growth underscores the anticipated benefits of the CHIPS Act in revitalizing American manufacturing and technology sectors. In stark contrast, China continues to grapple with economic and geopolitical challenges in this area, highlighting the strategic advantage of robust domestic production and resilient supply chains in the U.S. Read about some of the latest successes here: https://lnkd.in/eQYhSRxQ With substantial investments from industry leaders like Micron and Samsung, the U.S. is poised for sustained innovation and economic prosperity. These initiatives are expected to create high-quality jobs and reinforce our global competitiveness. These are the types of policies and investments that drive technological advancement and economic success! Great jobs, not just low end service jobs. #EconomicGrowth #SemiconductorIndustry #CHIPSAct #Innovation #TechnologyLeadership

The CHIPS and Science Act is set to revolutionize the semiconductor industry. By 2027, projections indicate a significant shift in chip manufacturing dominance from Taiwan to the United States. This legislative move aims to bolster the U.S. position in this critical sector, ensuring technological advancement and economic security. However, despite this anticipated shift, Taiwan remains the largest producer of chips globally, a testament to its longstanding expertise and robust infrastructure in semiconductor manufacturing. As we look towards this transformation, stakeholders across the industry must stay informed and adaptive. Here are some key steps companies can take to prepare: - Invest in R&D: Prioritize research and development to innovate and stay ahead in the competitive market. - Build Strategic Partnerships: Collaborate with key players in the U.S. and Taiwan to leverage strengths and share knowledge. - Diversify Supply Chains: Ensure a robust and flexible supply chain to mitigate risks and respond to market changes effectively. - Enhance Workforce Training: Invest in upskilling employees to adapt to new technologies and manufacturing processes. - Stay Informed on Policy Changes: Keep abreast of legislative developments and their potential impacts on the industry. #Semiconductors #ChipManufacturing #CHIPSAct #Technology #Innovation #FutureOfTech

CAN ARIZONA BECOME THE NEXT GLOBAL SEMICONDUCTOR HUB? Taiwan Semiconductor Manufacturing Co. (TSMC) is investing $40 billion in two plants in Phoenix, propelling the region towards global semiconductor prominence. While 20 semiconductor companies have committed to Arizona, the goal is hundreds more, according to the Greater Phoenix Economic Council (GPEC). Arizona's growth trajectory, outlined by GPEC's Chris Camacho, involves TSMC, its suppliers, downstream companies, and businesses attracted by the chip prevalence. Arizona already hosts major semiconductor players like Intel, NXP Semiconductors, and Onsemi, but vulnerabilities persist in the U.S. semiconductor supply chain. Raghu Santanam from Arizona State University emphasizes localizing raw material processing for sustainability and cost reduction. With 40 companies arriving pre-TSMC, Arizona could see over 1,000 semiconductor-related businesses in the next decade, reaching a critical inflection point for explosive growth. Federal policymakers passed the CHIPS and Science Act in 2022, generating over $200 billion in private investments for domestic chip production. TSMC's challenges in Arizona, including a workforce shortage and cultural differences, highlight the complexity of revitalizing domestic chip production. Partnerships are forming to attract more Taiwanese businesses, echoing the proverb, "Big bring the medium, medium bring the small." As TSMC opens in Arizona, sustained success hinges on ongoing investments, tax incentives, workforce development, and collaboration. Phoenix's semiconductor ascent is a race towards a thriving industry hub. Thanks again to The Reynolds Center for the article. Are you looking to buy or sell used semiconductor equipment? VISIT Moov Technologies Inc. and browse their 4 billion dollars of equipment listings around the world. stay updated with industry shifts, check out the link in the comments. #semiconductorindustry #technology #computerchips

🚀 Major Milestone Alert! 🇺🇸💼🔧 In a groundbreaking move that reshapes the global tech landscape, President Joe Biden has announced a transformative partnership with Taiwanese powerhouse TSMC. 🌐✨ Here's why this is a BIG deal: 🏭 Three Advanced Semiconductor Factories to Be Built in Arizona – This isn't just an investment; it's a monumental shift in the semiconductor industry, ensuring the U.S. plays a pivotal role in the future of technology. 💸 A Whopping $65B Investment by TSMC – Yes, you read that right! Alongside an $11B support in grants and loans from the U.S., TSMC is setting a new standard in tech investments, promising over 25,000 jobs and solidifying its commitment to innovation and growth. 🎓 $50M to Power Workforce Development – Preparing for the future means investing in talent today. This initiative not only brings thousands of jobs but also ensures the local workforce is ready to lead in the tech industry. 🌍 Aiming High: 20% of the World's Leading-Edge Semiconductors by 2030 – The U.S. is not just participating; it's aiming to lead in the semiconductor industry. This goal sets the stage for incredible innovation and technological advancements. 🤝 Part of a Larger Strategy – With this being the fifth CHIPS Act deal, following significant agreements with Intel and GlobalFoundries, the U.S. government is making calculated moves to ensure the nation's tech future is bright and secure. 🔍 Why This Matters More Than Ever – With the shadow of Taiwan’s geopolitical tensions and natural disaster risks, the U.S. is strategically positioning itself to not only mitigate supply chain risks but also lead in the AI-driven future, where chip demand is skyrocketing. This partnership is not just about chips; it's about securing a future where the U.S. leads in technology, innovation, and economic strength. Let's discuss how this monumental deal will shape the future of technology and the global economy. What are your thoughts on this strategic move? #TechNews #Innovation #TSMC #Semiconductor #USATechnology #FutureOfWork #CHIPSAct https://lnkd.in/gBy_5RB5

Global semiconductor shortage: How the US plans to close the talent gap The semiconductor industry, a crucial component of modern technology and economic growth, is facing a significant labor shortage. Deloitte estimates that over one million skilled workers will be needed by 2030 to meet demand in this industry. To learn more about how the US plans to address this talent gap, check out this insightful article: [Global semiconductor shortage: How the US plans to close the talent gap](https://lnkd.in/evH9rKdP). Stay informed with AI News.

Two years ago, leaders in Washington took bold bipartisan action to address vulnerabilities in the U.S. #semiconductor industry by enacting the #CHIPS Act to spark greater U.S.-based semiconductor production and innovation through $52 billion in manufacturing incentives and research investments. To be sure, the road to revitalizing domestic chip production and innovation is long and winding, and there will be bumps along the way. That is why government and industry must continue to work together to drive strategic action in four areas that will help ensure a strong and enduring semiconductor ecosystem in the U.S.: incentivizing further investment in the U.S., strengthening the workforce, advancing research and innovation, and promoting open markets. Learn more about what comes next for the U.S. semiconductor industry in the blog post below, authored by SIA President and CEO John Neuffer Read the full blog here: https://lnkd.in/e4NTbF_h