π‘ US chip shortage hits hiring with rising visa costs
The US is facing a massive talent shortfall of up to 157,000 semiconductor specialists by 2030, according to McKinsey and SEMI Foundation. This issue is worsened by increasing H-1B visa costs, with a proposed filing fee reaching $103,265. Only 3% of domestic engineering graduates enter the chip industry annually, creating severe recruitment bottlenecks for employers. Companies like Samsung are accelerating hiring for Texas fabs, while Micron is scouting talent in South Korea. These hurdles threaten the nation's push for domestic chip manufacturing. π€―