Bloomberg reports that the program called a workforce partner alliance, will utilize a portion of the $5 billion allocated to the new National Semiconductor Technology Center (NSTC). The NSTC plans to distribute grants ranging from $500,000 to $2 million to up to 10 workforce development projects. Additional application processes will be launched in the coming months, and total spending will be determined after all proposals are reviewed.
Last year, the Semiconductor Industry Association (SIA) estimated that by 2030, there will be a shortage of 67,000 workers in the U.S. semiconductor industry. To avoid or at least minimize this issue, the U.S. government is initiating a program to develop the U.S. semiconductor workforce. This initiative aimed to prevent a labor shortage that could hinder domestic chip production, which is part of the general strategy to bolster the U.S. semiconductor industry with substantial federal funding.
