US Chip Industry’s Future Depends on Immigrant Talent

In US history, there are many significant milestones, however, The Chips and Science Act remains also listed. This act was a joint effort from both Democrats and Republicans. But, they can come together on bipartisan reforms. It aims to have more skilled immigrants but both parties are aligned and aren’t supportive of this initiative. There are alot of immigrants who come to the US, especially, from India to have a better opportunity in respect of jobs or education. Immigrants from India take the best advantage of Tripbeam.us’ last minute flight deals to India from USA and back, to have an affordable and convenient overall traveling experience. This will help them to have the best travel experience and job opportunities with this initiative in the US. However, after this initiative, we learn more about the immigrant shortage crisis in US-Chip Industries.

US Chip Industry Faces Worker Shortage Crisis

The law was implemented in 2022. The main aim was to enhance domestic semiconductor manufacturing. Further, the fabrication plants in East Asia. It is said that on paper, the initiative is quite successful. Let’s look at some highlighted features of this initiative:

• 30 billion in subsidies
• $25 billion in loans awarded
• supporting investments of $350 billion

According to an industry-sponsored study, the US chipmaking will triple by 2032. Additionally, the output of advanced logic chips will rise from zero in 2022 to 28% of global production.

However, the companies require workers where the US is currently lacking. In recent times, it has been shown that there is a shortage of skilled installers for chip making equipment. This is one of the factors responsible for the delays in projects. Americans pursuing a relevant graduate program remain unproductive for 30 years. Additionally, the age limit of current fab workers is 55 and more.

Unfortunately, half of them have shown interest in retiring from their position. An estimation, according to The Semiconductor Industry Association, 2030 will witness the 67,000 skilled worker shortage. There must be some reform to introduce more younger immigrants as part of this, however, people around the world are also joining at a steady pace. People must see such an opportunity for their benefit. In addition, Tripbeam.us will provide you with a cheap flight deal to India or the USA, where you can seek better opportunities.

Congress Must Address US Chip Worker Shortage

Congress must consider the implications of this shortage. Companies that are unable to add up their workforce. Factors like demand for additional subsidies or relocating their production to Taiwan and Japan. However, domestic production faces challenges. The problem arises, especially as American STEM graduates choose different career paths.

The Chips Act already anticipated this challenge. Thus, they have included a $200 million training and education fund. In addition, companies must work towards workforce development. Colleges have already announced new degree and certificate programs. These are specially designed for the semiconductor industry. Although these initiatives will take time to give fruitful outcomes in the future.

But, the main concern is to make this initiative successful by recruiting more immigrants. US citizens make up a small minority of STEM graduates with advanced degrees relevant to chipmaking. As of now, the immigration is not up to mark. The H-1B program is constantly oversubscribed each year. There are alot of factors that existing applicants from India, who are a primary source of semiconductor workers, have to wait to clear their status. Therefore, it is important to give priority to applicants with in-demand STEM skills. This small reform will be beneficial for the USA. Furthermore, you must try the best cheap business class tickets from India to USA, and back at Tripbeam.us, depending on your traveling requirements. This will help you to have an affordable and convenient traveling option.