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Think tank: US will need to import semiconductor talent to fill new factories

So the same thing we've been doing for decades? And in the 1930s the DC establishment was insisting on austerity as the only way out of the Great Depression. Think tanks are truly useless and are leading us into ruin.

"Yes come see our Eisenhower-era infrastructure and drive through one of the low intensity civil wars cordoned off in our cities! Experience things that basically don't exist anywhere else in the developed world like medical debt, student debt, and an average of 3 mass shootings per day! Pay no mind to those meanies in China who have been the economic engine of the world for decades now and just saved millions of lives by coordinating a coherent response to COVID, they actually just hate your freedom."
 
Ah yes, after the great US Semi consolidation and layoff of all manner of experienced engineers aged 40+ to maximize shareholder profits, "oh my, we don't have any engineers" and "we don't have any domestic chipmaking". So fling the doors open again to bring in the offshore slaves to train at a less than premium rate. We did it with hardware engineers in the 90's, and chip engineers in the 2010's-20's. BTW, the chipmaking we need isn't Intel's chips, its the analog and mixed signal chips for automotive whose trailing edge plants we shut down, even though they had paid off equipment. And Intel wanted automakers to redesign on totally dissimilar leading edge processes and go through extensive characterization and requalifications to justify and pay off their own (Intel's) processes. Yeah, right! Anyone who's worked this industry knows that characterization and qualifications don't find all problems. So yeah, the automotive guys gave Intel the bird on that one.
 
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Ah yes, after the great US Semi consolidation and layoff of all manner of experienced engineers aged 40+ to maximize shareholder profits, "oh my, we don't have any engineers" and "we don't have any domestic chipmaking". So fling the doors open again to bring in the offshore slaves to train at a less than premium rate. We did it with hardware engineers in the 90's, and chip engineers in the 2010's-20's. BTW, the chipmaking we need isn't Intel's chips, its the analog and mixed signal chips for automotive whose trailing edge plants we shut down, even though they had paid off equipment. And Intel wanted automakers to redesign on totally dissimilar leading edge processes and go through extensive characterization and requalifications to justify and pay off their own (Intel's) processes. Yeah, right! Anyone who's worked this industry knows that characterization and qualifications don't find all problems. So yeah, the automotive guys gave Intel the bird on that one.

Yes, it's completely unthinkable economics wise, but so was Europe's weaning off Russian natural resources just few weeks ago.

The scale of economic carnage ensured by coming economic alcohol withdrawal is not for economists to calculate, but for statisticians. Effectively, Europe is going for a "post-war" type economy already. It's the near complete reset for energy dependent sectors of Europe's industry. Russia + Ukraine + Belarus + CIS countries going down as import markets will wipe out a double digit percentage of enterprises, particularly in the Central Europe.

Now, imagine the unimaginable — Apple going down, and taking 30+ major silicon vendors with them. That will be an equivalent total reset event for the US industry.


The closest event I can think for Americans to relate to would be the absolutely unbelievable, overnight dropping of the gold standard by Nixon, or the shock equivalent to US deciding not withdrawing, but entering the war after Pearl Harbour.

It will be the before, and after type event in our lives.
 
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Another great move by Pat:

Dan--I agree on the great move, but wow, it is going to be hard to get people to move out there from SJC or PHX (I will speak for myself, no way in h*** would I move there). Will be easier to attract talent from outside the US, and cheaper. That's why I think investment in education is super important, but I'd expect they are importing students from outside as well. The US needs MORE ENGINEERS.
 

The policy "Staple a green card to an engineering diploma", proposed by John Mauldin, is the one I prefer.
This report written by Will Hunt tried to identify the semiconductor workers shortage and proposed some solutions.

Unfortunately, I don't think Mr. Hunt knows enough about the semiconductor industry and the current US immigration/visa system.

Intel, Texas Instruments, Micron, TSMC, Samsung, and Globalfoundries are all big multinational companies with many years of US manufacturing and operations experience. They don't really need someone to tell them they "can" bring in foreign talents from Taiwan, Japan, Korea, Ireland, or Israel to help their billions dollar fab operations in US. They have been doing it whenever it's necessary for many years already.

For example, there are existing E1, E2, L1, EB1, EB2, and H1 visa types from US government suitable for getting foreign semiconductor workers.
 
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