Biden Administration Launches Program To Bolster US Chip Workforce
Portfolio Pulse from Shivani Kumaresan
The Biden administration has launched a new program to develop the U.S. computer-chip workforce, utilizing part of the $5 billion federal funding allocated for the National Semiconductor Technology Center (NSTC). This initiative aims to prevent a labor shortage that could hinder domestic semiconductor production. Major recipients of Chips Act funding include Intel Corp. (NASDAQ: INTC), Taiwan Semiconductor Manufacturing Co. (NYSE: TSM), Samsung Electronics Co Ltd (OTC: SSNLF), and Micron Technology Inc. (NASDAQ: MU).
July 02, 2024 | 1:20 pm
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POSITIVE IMPACT
Intel Corp. is a major recipient of Chips Act funding, with $40 million to $50 million allocated for workforce development. This initiative aims to prevent a labor shortage in the semiconductor industry.
Intel's significant allocation for workforce development under the Chips Act will likely enhance its production capabilities and address potential labor shortages, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
Micron Technology Inc. is a major recipient of Chips Act funding, with $40 million to $50 million allocated for workforce development. This initiative aims to prevent a labor shortage in the semiconductor industry.
Micron's significant allocation for workforce development under the Chips Act will likely enhance its production capabilities and address potential labor shortages, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
Samsung Electronics Co Ltd is a major recipient of Chips Act funding, with $40 million to $50 million allocated for workforce development. This initiative aims to prevent a labor shortage in the semiconductor industry.
Samsung's significant allocation for workforce development under the Chips Act will likely enhance its production capabilities and address potential labor shortages, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Co. is a major recipient of Chips Act funding, with $40 million to $50 million allocated for workforce development. This initiative aims to prevent a labor shortage in the semiconductor industry.
TSMC's significant allocation for workforce development under the Chips Act will likely enhance its production capabilities and address potential labor shortages, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80