📊Executive Summary

The semiconductor industry is facing a significant labor shortage that threatens to impede the expansion of domestic manufacturing efforts in the U.S. and Europe. Various countries, including the U.S. with its CHIPS Act and India with a $10 billion initiative, are investing in semiconductor manufacturing, but are encountering challenges due to a lack of skilled workers. The shortage is projected to reach between 59,000 to 146,000 workers in the U.S. by 2029, with Europe needing an additional 400,000 professionals by 2030. This shortage is exacerbated by decades of outsourcing and a decline in technical education focused on semiconductor production. As demand for semiconductors grows, particularly with advancements in AI, 5G, and IoT, the inability to fill these positions could lead to slower production rates and increased pressure on the global supply chain....