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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (16294)7/25/2023 9:59:26 AM
From: Kirk ©  Respond to of 26758
 
Yeah, but...

We have plenty of workers who know how to file complaints for using the wrong pronouns or order coffee and walk their dogs during "work hours."

One way I'd fix it is give all foreigners who obtain degrees in STEM fields at top universitas green cards and an easy path to citizenship. Why are we wasting our talent teaching students who will return to China, India or elsewhere to compete with us?

America Faces Significant Shortage of Tech Workers in Semiconductor Industry and Throughout U.S. Economy
Tuesday, Jul 25, 2023, 5:00am
by Semiconductor Industry Association

An estimated 67,000 jobs for technicians, computer scientists, engineers in semiconductor industry—and 1.4 million such jobs across the U.S. economy—risk going unfilled by 2030, according to new SIA/Oxford Economics study

WASHINGTON—July 25, 2023—The Semiconductor Industry Association (SIA), in partnership with Oxford Economics, today released a study finding the United States faces a significant shortage of technicians, computer scientists, and engineers, with a projected shortfall of 67,000 of these workers in the semiconductor industry by 2030 and a gap of 1.4 million such workers throughout the broader U.S. economy. The report, titled “Chipping Away: Assessing and Addressing the Labor Market Gap Facing the U.S. Semiconductor Industry,” also makes a set of policy recommendations to help close the talent gap and complement the workforce development initiatives that are already being carried out by semiconductor companies across the U.S.

[DOWNLOAD THE REPORT]

“Semiconductor workers are the driving force behind growth and innovation in the chip industry and throughout the U.S. economy,” said Matt Johnson, president and CEO of Silicon Labs and SIA board chair. “Effective government-industry collaboration can overcome the talent shortage facing our industry, build the strongest American tech workforce possible, and unleash the full potential of semiconductor innovation.”

With demand for semiconductors projected to increase significantly by 2030 and beyond, semiconductor companies are ramping up production and innovation to keep pace. Fortunately, thanks in large part to enactment of the landmark CHIPS and Science Act in 2022, a significant share of new chip manufacturing capacity and R&D is expected to be located in the U.S. As America’s semiconductor ecosystem expands in the years ahead, so too will its demand for semiconductor workers with the skills, training, and education needed in the highly innovative semiconductor industry.

In fact, the study projects the semiconductor industry’s workforce in the U.S. will grow by nearly 115,000 jobs by 2030, from approximately 345,000 jobs today to approximately 460,000 jobs by the end of the decade. As noted, an estimated 67,000 of these jobs risk going unfilled in the absence of action to close the gap.

To meet this challenge and address the talent gap, the SIA-Oxford Economics study presents three core recommendations to strengthen the U.S. technical workforce:

  1. Strengthen support for regional partnerships and programs aimed at growing the pipeline for skilled technicians for semiconductor manufacturing and other advanced manufacturing sectors.
  2. Grow the domestic STEM pipeline for engineers and computer scientists vital to the semiconductor industry and other sectors that are critical to the future economy.
  3. Retain and attract more international advanced degree students within the U.S. economy.

“Our analysis showcases the critical high-skilled roles across the semiconductor sector and the likely skill shortages the industry will face, if proactive talent development measures are not taken,” said Dan Martin, senior economist and lead researcher at Oxford Economics. “The CHIPS Act set the stage for U.S. long-run investment and increased global competitiveness in semiconductor design and production. Moving forward, tens of thousands of new post-secondary-trained workers will need to fill the roles created as the industry increases their productive capacity in the U.S.”

Of the total estimated semiconductor technical workforce gap of 67,000 by 2030, the study estimates approximately 39% of the gap (26,400 jobs) will be in technician occupations, 41% (27,300 jobs) in engineering occupations, and 20% (13,400 jobs) in computer science. Because semiconductors are foundational to virtually all critical technologies of today and the future, closing the talent gap in the chip industry will be central to the promotion of growth and innovation throughout the economy.

The U.S. semiconductor industry has, for decades, engaged in programs to recruit, train, and employ a diverse and skilled workforce. Across the nation, chip firms have longstanding and expanding partnerships with community colleges and technical schools, apprenticeship programs, universities and laboratories, and regional education networks. As the industry grows to meet demand alongside CHIPS investments, companies are growing their workforce development footprint. At the same time, the U.S. government must work with industry and academia to prioritize measures to address the skills gap facing the broader economy and the semiconductor industry.

“Along with making historic investments to reinvigorate domestic semiconductor production and innovation, the CHIPS and Science Act anticipated the need to strengthen the semiconductor workforce in America,” said John Neuffer, SIA president and CEO. “We look forward to working with government leaders to advance policies that build on our industry’s longstanding workforce development efforts, expand the pipeline of STEM graduates in America, and retain and attract more of the top engineering students from around the world.”

# # #

Media Contact
Dan Rosso
Semiconductor Industry Association
240-305-4738
drosso@semiconductors.org

semiconductors.org



To: robert b furman who wrote (16294)8/8/2023 1:42:44 PM
From: Kirk ©  Respond to of 26758
 
The Latest IMX is out: imx.tdameritrade.com

Do you or anyone else know how to tell AI to turn the table data they have into a table I can input into Excel? I'd like to make a better graph than theirs... They have a table view... but no export data function.



Investor Movement Index Summary:
July 2023

Monthly summary

Investment exposure in TD Ameritrade client accounts increased by 1.28% during the four-week period ending July 28, 2023, to 5.53. This ranks “moderate low” compared to historical averages.

TD Ameritrade clients were net buyers of equities in the July IMX period, despite being net sellers of all but two S&P 500 sectors. Clients primarily reduced exposure within the Financials, Industrials and Energy sectors. Buying interest was strongest in Information Technology and Communication Services.

Markets had several geopolitical events and much economic news to digest during the July IMX period. The Federal Reserve announced an additional quarter-point hike in interest rates, and chairman, Jay Powell, also remarked that the odds of a achieving a so-called “soft-landing” have improved, reducing the risk of a recession. The Employment Situation Summary at the beginning of the month reflected a 0.1 percentage point decrease in the unemployment rate to 3.6%. Nonfarm payrolls added 209,000 jobs. The July Consumer Price Index (CPI) was released the morning of July 12, and rose 0.2%. The all-items index rose 3% for the 12 months ending in June. Shelter, vehicle insurance, and food indices reflected the largest increases, while the indexes for airline fares, communications, and used vehicle sales all declined. Trading in equity markets was mixed after the report was released. The latter part of the July IMX period was characterized by a continuation of the rally in the stock market, led by the Dow Jones Industrial Average ($DJIA), which posted a 13-day winning streak, matching its longest since 1987. The S&P 500 Index ($SPX) rose 2.96% and the Nasdaq 100 Index ($NDX) rose 3.77%. The CBOE Market Volatility Index (VIX) fell 1.91% during the July period closing at 13.33, signaling acceptance of the bull market in equities. The yield on the 10-Year Treasury Note rose to 3.96%. The US Dollar Index (DXY) fell slightly during the period, closing at 101.62 as currency pressures continued to ease. Front month WTI Crude Oil futures rose sharply during the period, closing at $80.58 on the back of industry data which pointed to both a drop in inventories as well as increased demand.

Trading

TD Ameritrade clients increased their exposure during the July IMX period and were net buyers of equities. They were net buyers of telecom giants AT&T ( T) and Verizon ( VZ). Both stocks have underperformed the broader market so far in 2023 and most recently sold off amid reports of possible toxic lead exposure from their aging underground cables. Investors may view the sell-off as overdone as they stepped-in to buy the dip. While AT&T did post better-than-expected earnings late in the July IMX period, both companies may still be in need of a catalyst as they have each made recent five-year lows. Electric vehicle ( EV) makers captured traders’ interest once again during the July IMX period, with notable buying in Rivian Automotive ( RIVN) as well as Lucid Group ( LCID). Both stocks made short-term bottoms during the period and bounced sharply. Rivian deliveries exceeded projections as years-long back orders began to hit the road, while the bounce in Lucid Group may be attributable to an overreaction following reports of lower-than-expected deliveries. While competition in the space is fierce, Rivian and Lucid Group hope to capitalize on their position within the ultra-high-end luxury truck, sport utility, and passenger car segments of the EV market.

Additional popular names bought include Walt Disney ( DIS), Microsoft ( MSFT), Tesla ( TSLA), Advanced Micro Devices ( AMD), and Pfizer ( PFE).

TD Ameritrade clients sold stakes in Carnival Cruise Lines ( CCL), American Airlines ( AAL), and Delta Airlines ( DAL) during the July IMX period; names associated with leisure or discretionary travel. Earlier in 2023, recession fears and outages related to aging travel industry logistics systems created a perfect storm for a sell-off, and each of these companies may be mounting a comeback. While Carnival Cruise Lines and Delta Airlines are beneficiaries of recent analyst upgrades and mounted impressive monthly and year-to-date rallies, it is unclear if American Airlines is headed for blue skies ahead as it remains in a multi-year downtrend, despite strong gains during the July IMX period. Analysts cite several years of pent-up demand as a major catalyst that will likely take some time to work through, creating an imbalance which allows operators to command higher prices.

Additional names sold include Coinbase ( COIN), Ford ( F), Airbnb ( ABNB), Warner Bros Discovery ( WBD), and Norwegian Cruise Lines ( NCLH).

Inclusion of specific security names in this commentary does not constitute a recommendation from TD Ameritrade to buy, sell, or hold.