📊Executive Summary

The semiconductor industry is facing a significant talent shortage, exacerbated by an aging workforce and a lack of new entrants into the field. With over one million additional workers needed globally by 2030, the industry risks falling short of meeting demand. Factors contributing to this crisis include the allure of software jobs over semiconductor careers, a decline in relevant educational program enrollments, and immigration challenges that see many foreign graduates leaving the U.S. after completing their studies. This talent gap could hinder the growth trajectory of the semiconductor sector, particularly as new fabs are being built under the CHIPS Act and similar initiatives worldwide. Companies are now engaged in a competitive bidding war for a limited pool of qualified personnel, driving up wages and increasing turnover rates....