Taiwan Semiconductor's AI Growth Trajectory Could Hit A Bump From Workforce Challenges: Report

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Taiwan Semiconductor's AI Growth Trajectory Could Hit A Bump From Workforce Challenges: Report - Benzinga

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Despite a 45% surge in July sales, reaching $7.9 billion thanks to the booming demand for AI chips, the company faces significant difficulties securing the highly skilled workers needed to maintain and expand its operations, the Financial Times reports.The U.S.chip manufacturing workforce has shrunk by 43% since its peak in 2000, and only about 1,500 engineers and 1,000 technicians join the field each year, the FT report says.

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is grappling with a severe workforce crisis that threatens to undermine its recent successes.

With the demand for these specialized workers expected to rise to 75,000 within the next five years, the shortage could become a significant bottleneck for Taiwan Semiconductor and the broader industry.By 2029, the U.S.could ...