This is a re-shoring of strategic capabilities not a labor move. The labor will most likely be imported as it doesn’t really exist in the US at the scale needed with an eventual eye towards more domestic labor. Expect large numbers of imported skilled labor in the short term.
> In awarding financial assistance for planning or establishing a Manufacturing USA Institute, an agency shall give special consideration to such institutes that
> contribute to the geographic diversity of the Manufacturing USA program,
> are located in an area with a low per capita income,
> are located in an area with a high proportion of socially disadvantaged residents, or
Oh yes, the bill has all kinds of nice ideas in it.
But then there is reality. And reality is that there isn’t some giant labor pool of fab workers in the US — yet.
- President Joe Biden signed the CHIPS and Science Act into law one year ago, and semiconductor companies across the U.S. have promised to spend $231 billion on building chip manufacturing hubs on American soil.
- Now, as the shovels hit the ground to begin construction, companies are realizing how difficult it is to find talent.
- Taiwan Semiconductor Manufacturing Company said it had to delay production at its $40 billion Arizona plant due to a lack of workers in the U.S.
