From the Silicon Valley (SV), the cuts in employment in the 2008-2009 period were never recovered. Those jobs went to Asia/India while younger/lowered paid immigrants from these regions were promoted into hiring manager roles - not a problem until you see that they only hired people from their respective countries.
Many CEO's received large bonuses for cutting costs/increasing profits while thousands of experienced SV professionals were forced into retirement or into remedial jobs, losing 80% of their former wages.
These same CEO's spend time/money lobbying for more immigration to support Semiconductor growth? The entire story lack credibility for employment and growth. Until you compare the employment numbers from 2007-2008, you are manipulating the numbers.
The Semiconductor chip is a commodity and given away/downgraded to foreign operations while the increase in value is at the system level and the software/hardware stack. Any increase in Semiconductor jobs have been through software, not hardware, not firmware, not processing.
"each direct semiconductor industry job throughout the U.S. enables 4.89 jobs in other sectors of the economy, illustrating the industry’s tremendous ripple effect on the broader U.S. economy."
Yet our idiot politicians kowtow to lobbyists and "stimulate" the economy with infrastructure jobs. You employ ten guys to build a bridge for six years, spend most of the funds on Chinese steel and Saudi oil (asphalt), and no product continues to generate jobs and tax revenues.
It's no wonder the US is in deep doo doo. With deferring corporate taxes on offshore revenues forever (about $3T in taxes is sitting offshore, untouchable to our treasury because of a TEMPORARY corporate stimulus, one with no expiry), sending jobs overseas, and spending on silly stuff liek drones over US airspace, it's no wonder the country is going to hell in a handbasket with 13M unemployed (yes, look at the U-6 number, not the U-3 the press and congress get all giddy about. The U-3 is the number of people collecting checks. Want lower unemployment? Shorten the number of weeks the unemployed can collect a check, then watch them starve).
Yes, and furthermore the article -- from Kiplinger, but mirrored on Yahoo Finance -- attributes the expected decline in U.S. semiconductor processing jobs not simply to overseas manufacturing but to automation. Quoting the article, "Semiconductor processors, who oversee the production of microchips, are being replaced by robots." I don't know the extent to which that is true, but even if it is partly true, employment in the semiconductor industry includes far more than just the fab workers.
The data you are referencing is for "Semiconductor Processor", which is more about the manufacturing of chips. As manufacturing has shifted more to Asia, the negative growth projection for this specific segment in America makes sense.
I believe this article is talking about the greater Semiconductor segment, which includes software and hardware designers (Intel, AMD, NVIDIA, etc.).
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