The Semiconductor Industry Association (SIA) estimates a possible shortfall of 67,000 employees in the U.S. semiconductor sector by 2030. Despite ongoing efforts to recruit and train domestic workers, a substantial gap is expected. In response, the SIA proposes the introduction of a new semiconductor visa to bring in foreign engineers, computer scientists, and technicians, addressing the urgency given the industry’s critical role in national security and the broader U.S. economy.
The current H-1B visa, designed to meet these workforce needs, faces challenges such as limited availability, particularly due to per-country restrictions. To overcome this, the Economic Innovation Group (EIG) and the industry propose the creation of a specialized visa known as the “Chipmaker’s Visa.” This proposed visa aims to streamline the process of bringing in qualified foreign talent when local employees are unavailable.
The Chipmaker’s Visa proposal suggests an allocation of up to 10,000 visas annually, featuring a simplified green card application process. The program would distribute these visas in quarterly allotments of 2,500, with eligible companies participating in quarterly auctions. The visa would be valid for five years, automatically renewable once, providing a total validity period of ten years.
The existing H-1B system faces challenges, including a lottery system and a 7% cap on a per-country basis. This has resulted in lower probabilities for individuals from larger countries like India and China to obtain visas. Additionally, H-1B visas are initially valid for three years, extendable to a total of six. While H-1B visa holders can remain in the U.S. while awaiting Green Card processing, the uncertainty surrounding permanent residency or citizenship may deter skilled workers from choosing the U.S., prompting them to stay in their home countries or explore other countries.
We actively monitor updates on U.S. immigration policies, both employment-based and family-based. For questions about the H-1B program or any other immigration-related issues, individuals are encouraged to reach out to us. We are with you every step of the way during your immigration journey.