One issue with the U.S. semiconductor industry is the lack of qualified talent, with SIA predicting that the shortfall could be as high as 67,000. While the U.S. government has programs to support the industry (including the CHIPS Act, of course), programs that support education and talent growth within the industry have not exactly been widespread and successful. GlobalFoundries is here to help, according to Business Insider.
In May, GlobalFoundries introduced a student loan relief program to help retain and attract workers. The program offers eligible U.S. employees up to $28,500 in loan repayment support over a decade. The program is part of GlobalFoundries's broader efforts to address hiring challenges in the semiconductor industry, which is expected to face a shortage of 67,000 skilled workers by 2030. To fill this gap and ensure it has enough talent in the long run, the company has also established partnerships with educational institutions and launched an internal apprenticeship program, the first of its kind in the sector.
