Unfortunately, Arizona does not currently have enough skilled labor to allow this growth to come to fruition. According to a Deloitte report, the industry will require more than 100,000 new skilled workers per year until 2030, but science, technology, engineering and math enrollment in universities across the U.S. cannot support this. In fact, Taiwan Semiconductor Manufacturing Company intended to start productivity of its new fab in north Phoenix in early 2024, but the need for more skilled labor has pushed the start date to 2025. TSMC is just one of many semiconductor companies suffering from the lack of a talent pipeline, and the need for skilled employees is not expected to slow down.