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Moreover, TSMC has encountered difficulties sourcing skilled engineers to meet workforce demands in semiconductor manufacturing. To combat this talent shortage, partnerships with local universities are being fostered, leading to educational programs designed to train the necessary workforce. Arizona State University stands out in this regard, boasting a large engineering student population poised to fill future job openings.
The Future of Technology in Phoenix
The impact of this tech surge is profound, with average salaries in the region rising from $30,000 in 2014 to around $84,000 in late 2023. In tandem, the demand for technical expertise is driving universities to produce more engineers, essential for supporting the growing tech landscape.