GlobalFoundries is aggressively hiring to meet semiconductor chip demand, aided by government funding.

From CNBC: 2024-07-05 15:45:34

The semiconductor industry is facing a tight labor market and competition for talent. Funding from the CHIPS and Science Act aims to boost domestic production. By 2030, a projected shortfall of one million workers in the U.S. economy looms due to artificial intelligence. Deloitte warns of worsening talent shortages globally.

GlobalFoundries, the third-largest chipmaker globally, is recruiting widely. The company targets veteran candidates, reentry program participants, and women in construction. It offers apprenticeships with a two-year training program and hires thousands annually. Major clients include General Motors and Lockheed Martin.

GlobalFoundries is aggressively recruiting hundreds of roles worldwide, expecting to continue at this pace. The company values workforce development efforts to meet demand. Workers can advance within the company, like Morgan Woods who advanced to a training and development analyst role. The company also offers benefits like student loan debt assistance.

Funding from the CHIPS and Science Act will spur growth at GlobalFoundries’ manufacturing fabs in New York and Vermont. In February, the company announced $1.5 billion in funding to expand capacity, creating 1,500 manufacturing jobs and 9,000 construction jobs. The manufacturing and construction sectors are also grappling with worker shortages.



Read more at CNBC: GlobalFoundries hiring as semiconductor chip demand rises