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U.S. Creates High-Tech Global Supply Chains to Blunt Risks Tied to China

The Biden administration is trying to get foreign companies to invest in chip-making in the United States and more countries to set up factories to do final assembly and packaging.

Β© Adriana Zehbrauskas for The New York Times

A Taiwan Semiconductor Manufacturing Company plant under construction in Phoenix. Taiwan produces more than 60 percent of the world’s chips.

U.S. Awards $504 Million for β€˜Tech Hubs’ in Overlooked Regions

Biden administration officials hope the money will help propel technological innovation in areas that have historically received less government funding.

Β© Pete Marovich for The New York Times

The $10 billion program was authorized by the CHIPS and Science Act, which lawmakers passed in 2022 to ramp up domestic manufacturing of semiconductors and increase funding for scientific research.

Biden rushes to avert labor shortage with CHIPS act funding for workers

US President Joe Biden (C) speaks during a tour of the TSMC Semiconductor Manufacturing Facility in Phoenix, Arizona, on December 6, 2022.

Enlarge / US President Joe Biden (C) speaks during a tour of the TSMC Semiconductor Manufacturing Facility in Phoenix, Arizona, on December 6, 2022. (credit: BRENDAN SMIALOWSKI / Contributor | AFP)

In the hopes of dodging a significant projected worker shortage in the next few years, the Biden administration will finally start funding workforce development projects to support America's ambitions to become the world's leading chipmaker through historic CHIPS and Science Act investments.

The Workforce Partner Alliance (WFPA) will be established through the CHIPS Act's first round of funding focused on workers, officials confirmed in a press release. The program is designed to "focus on closing workforce and skills gaps in the US for researchers, engineers, and technicians across semiconductor design, manufacturing, and production," a program requirementsΒ page said.

Bloomberg reported that the US risks a technician shortage reaching 90,000 by 2030. This differs slightly from Natcast's forecast, which found that out of "238,000 jobs the industry is projected to create by 2030," the semiconductor industry "will be unable to fill more than 67,000."

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Nvidia, Powered by A.I. Boom, Reports Soaring Revenue and Profits

The Silicon Valley company was again lifted by sales of its artificial intelligence chips, but it faces growing competition and heightened expectations.

Β© Jim Wilson/The New York Times

Jensen Huang, Nvidia’s chief executive, in March. The company reported revenue of $26 billion in its latest quarter, tripling its sales from a year earlier.
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