Search results for Chips Act
AI & Enterprise
U.S. chip industry may face 157,000 worker shortfall by 2030, Samsung deploys Korean staff
The U.S. semiconductor industry could face a workforce shortfall of up to 157,000 people by 2030 as it expands production of AI chips, a forecast said. The supply of engineers and skilled technicians is failing to keep pace with factory buildouts, intensifying competition among major chipmakers. Samsung Electronics and SK hynix are temporarily deploying Korean staff for initial operations, while U.S. universities and federal programs expand semiconductor training.
Industry
Semiconductor export boom swells Korea budget, setting up September parliamentary clash
South Korea’s government budget for 2027 is set to rise sharply as a semiconductor export boom lifts tax revenue, raising the stakes for a September parliamentary session over how to allocate funds. The plan boosts spending to 820.9 trillion won and lifts revenue to 880.8 trillion won, led by a jump in national tax receipts. Funding for semiconductor and AI initiatives rises, including a new semiconductor special account, while debates centre on tax credits, infrastructure support and an exception to the 52-hour workweek cap.
Industry
Moving fabs alone may not make South Korea\'s semiconductor relocation work, MPE ecosystem key
South Korea is pushing to disperse its semiconductor production base beyond the capital area, but simply moving fabs may deliver limited results, industry voices say. The government plans to allocate over 40 percent of its National Growth Fund to non-capital regions and offer special subsidies to relocating materials, parts and equipment firms. Officials also aim to build regional specialisation, but supply-chain depth, engineers’ response times, power costs and local settlement conditions are seen as decisive.
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Industry
Intel pushes into foundry market, focus on Samsung response
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Industry
Subsidies vs tax credits put South Korea chip support at crossroads
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Industry
U.S. to provide $500 million to SandboxAQ for semiconductor materials development
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Industry
European semiconductor technology firms turn to South Korea