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April 13, 2024, 2:58 a.m.
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Brief news summary

The Biden administration is providing subsidies to the semiconductor industry to increase chip production in the US. However, there is a shortage of workers in the AI chip manufacturing sector. Universities could play a crucial role in attracting and recruiting new talent to address this issue. The decline in the number of American semiconductor workers over the past two decades has also resulted in a decrease in the US share of the global chip-making market. Taiwan, China, and South Korea have seen significant growth in their chip-making market share during this period.

The Biden administration is providing subsidies to the semiconductor industry in order to enhance chip production in the United States. However, there is a shortage of workers in the AI chip manufacturing sector. Universities can play a crucial role in recruiting new talent. The Wall Street Journal reports that the US semiconductor manufacturing workforce has significantly decreased over the past two decades, which is correlated with a decline in the US market share of chip-making.

Between 1990 and 2020, the number of chips produced in the US dropped by one-third, while Taiwan, China, and South Korea's combined market share increased by nearly 60%. To read the full story, you can sign up as a Business Insider subscriber or log in if you already have an account.


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