Fortune April 23, 2024
In December, Samsung delayed a Texas-based chip manufacturing facility’s start date. In January, the Taiwanese chip manufacturing company TSMC pushed back one of its planned Arizona plants. The reason? Workforce shortages. Two years after the U.S. passed legislation providing $280 billion over the next decade to spur the development of its semiconductors industry, such delays represent significant hiccups in America’s plan to boost our ability to build advanced computer chips.
The U.S. has provided significant investments and support for chip manufacturers in financial terms. However, you need more than financing to run a business. An often-overlooked reform to boost manufacturing in the high-tech sector is expanding skilled immigration. Our new research on the largest skilled immigration program in the U.S.,...
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