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The jobs chipmakers can't fill
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Plus: A wholesale inflation dip that could reverse.
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Thursday, July 16, 2026
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Costfoto / NurPhoto via Getty Images
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<h1 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:24px;font-weight:bold">
<span style="font-size:24px;font-family:Arial">
An old training trick sped up hiring once. Chipmakers can't rely on it now
<span class="ql-cursor">
</span>
</span>
</h1>
</td>
</tr>
<tr class="trpad10">
<td class="editor-cell-text td100" colspan="6" style="padding:10px;width:580px;font-family:Arial,Helvetica,sans-serif;font-size:15px;line-height:1.4;vertical-align:top;mso-line-height-rule:exactly" width="580">
<div>
The semiconductor industry could leave 67,000 technical jobs unfilled by 2030. The shortage is drawing parallels with 1970s. Back then, a pair of Texas Instruments managers developed a training system that turned biology majors into engineers within six months.
</div>
<div>
<br/>
</div>
<div>
<span style="line-height:21px;font-size:15px;font-family:Arial,Helvetica,sans-serif">
Managers reassured hires that almost everyone succeeded, and w
</span>
orkers reached full mastery in half the usual time. Motorola ran a similar program in Arizona, putting trainees on work within 10 weeks.
</div>
<div>
<br/>
</div>
<div>
Today's plants need fewer quickly trained workers and more who need years to train. Mechanical operators have fallen from 73% of plant staff to 62%, while engineers have moved from 15% to 25%. Certifying a technician to oversee lithography,
the process of etching circuit patterns onto silicon, can take months or even years.
</div>
<div>
<br/>
</div>
<div>
Filling all those expected job vacancies won't be simple. Of them, 35% require a four-year degree and 26% need a graduate degree. No single company can close a gap that large alone. The federal government has committed $250 million over 10 years to a center pooling chipmakers and colleges. Whether that effort can produce workers remains an open question.
</div>
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Read more on Quartz
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<h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold">
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Why the Fed's biggest moves happen at 2:30, not 2:00
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</h2>
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<div>
<span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
The rate decision drops at 2pm, but most of the market move happens
</span>
<strong style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
between 2:30 and 3:30
</strong>
<span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
, when the dot plot, statement edits, and press conference get digested. moomoo is built for that window:
</span>
</div>
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<br/>
</div>
<ol class="marker-bold" style="font-size:16px;color:#000000">
<li>
<span class="ql-ui">
</span>
<strong style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
AI Briefing.
</strong>
<span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
Fed catalysts tagged Bullish, Bearish, or Neutral.
</span>
</li>
<li>
<span class="ql-ui">
</span>
<strong style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
Unusual Options Activity.
</strong>
<span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
Real-time institutional flow on rate-sensitive sectors.
</span>
</li>
<li>
<span class="ql-ui">
</span>
<strong style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
Custom Alerts.
</strong>
<span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
Price triggers on Treasury yields and the dollar, so you're watching
the right thing when it moves.
</span>
</li>
</ol>
<div>
<span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
Check out
</span>
<a data-linktext="moomoo" data-linktype="Normal" style="color:#121721;background-color:rgba(0,0,0,0);font-size:16px" target="_blank">
moomoo
</a>
<span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
and
receive
</span>
<strong style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
8.1% APY
</strong>
<span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
on idle cash for 2 months (3.35% after)
</span>
<strong style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
plus up to $1,000 in NVIDIA stock
</strong>
<span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
with a qualified deposit
</span>
</div>
<div>
<br/>
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Check out moomoo
</span>
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<!--[if mso]><a href="https://www.ne16.com/t/10983621/222404108/10169581/4/1009235/?f5d63f87=REIlMjAwNy0xNg&x=13cc03ad" target="_blank" style="-webkit-border-radius: 25px; -moz-border-radius: 25px; border-radius: 25px; color: #00D5FF; text-decoration: none; font-family: Arial; font-size: 18px; font-weight: bold; border: none;
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<div>
<span style="font-size: 9px">
Promo 8.1% APY = 3.35% base + 4.75% booster (2 mo up to $20K).
T&Cs apply.
</span>
</div>
<div>
<span style="font-size: 9px">
Options trading is risky and not for all. Read the
</span>
<a data-linktext="ODD" data-linktype="Normal" style="color:#121721;font-size:9px" target="_blank">
ODD
</a>
<span style="font-size: 9px">
before trading.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size: 9px">
Promo 8.1% APY (as of 12/10/25) for new users only. Actual APY may differ. Rates may change. New user promo subject to terms & conditions. Click the link
</span>
<a data-linktext="(//www.moomoo.com/us/support/topic4_222" data-linktype="Normal" style="color:#121721;font-size:9px" target="_blank">
(//www.moomoo.com/us/support/topic4_222
</a>
<span style="font-size: 9px">
) for Bank Deposit List, Cash Sweep and Promo details.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size: 9px">
$0 commission trading is available only to U.S. residents trading in the U.S. markets through Moomoo Financial Inc. Other fees may apply.
</span>
</div>
<div>
<span style="font-size: 9px">
Moomoo AI is an AI tool brought to you by Moomoo Technologies Inc. (“MTI”) and the output should not be considered investment advice to
buy or sell a security. It is powered by widely used, publicly available AI solutions.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="font-size: 9px">
Moomoo cannot verify the actual intentions of the investors involved in the transactions listed in Options Unusual Activity. Your individual investment objectives should be carefully considered in conjunction with this data when making investment decisions.
</span>
</div>
<div>
<span style="font-size: 9px">
Moomoo Financial Inc., Member FINRA/SIPC. Investing is risky.
</span>
</div>
<div>
<br/>
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<span style="font-size:24px;font-family:Arial">
Today's Poll
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<h2 style="mso-line-height-rule:exactly;Margin:0;font-family:Arial;font-size:20px;font-weight:bold">
Can on-the-job training replace a college degree?
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border: 1px solid #105C8E; display: block; " target="_blank">
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Yes. Skills matter more than diplomas
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<!--<![endif]-->
<!--[if mso]><a
href="https://www.ne16.com/t/10983621/222404108/10177919/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0xNg&x=744dda46" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">Yes. Skills matter more than
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<td align="center" bgcolor="#105C8E" style="text-align:center;-webkit-border-radius:6px;-moz-border-radius:6px;border-radius:6px;font-size:16px;font-family:Arial,Helvetica,sans-serif">
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No. Classrooms are talent incubators
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<!--[if mso]><a
href="https://www.ne16.com/t/10983621/222404108/10177920/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0xNg&x=7ce1cc95" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">No. Classrooms are talent
incubators</a><![endif]-->
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Why can't we just have both?
</span>
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<!--[if mso]><a
href="https://www.ne16.com/t/10983621/222404108/10177921/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNy0xNg&x=45b93b2e" target="_blank" style="-webkit-border-radius: 6px; -moz-border-radius: 6px; border-radius: 6px; color: #FFFFFF; text-decoration: none; font-family: Arial; font-size: 16px; border: none; display: block; ">Why can't we just have
both?</a><![endif]-->
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<span style="font-family:Arial;font-size:24px">
Here's what you need to know
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<a aria-label="Justin Sullivan / Getty Images" style="color:#105C8E" target="_blank" title="Justin Sullivan / Getty Images">
<img alt="Justin Sullivan / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-1461793985.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODQxOTY2OTUuNzQ5ODk1Nn0:1wkJ43:vDaLVAZY5kdbHAhW_X4O0FsjKwdKIVsGvrf6HEUGpQ8" style="width:200px;vertical-align:middle;border:0" width="200"/>
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="Stripe partners with Advent on a $53 billion PayPal bid." data-linktype="Normal" style="color:#105C8E" target="_blank">
Stripe partners with Advent on a $53 billion PayPal bid.
</a>
</strong>
The joint proposal values the payment platform at $60.50 a share, a 28% premium to Tuesday's closing price, backed by roughly $50
billion in committed financing. Stripe and Advent plan to split ownership evenly rather than break up the company.
</div>
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<a aria-label="NurPhoto / Getty Images" style="color:#105C8E" target="_blank" title="NurPhoto / Getty Images">
<img alt="NurPhoto / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2263004431.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODQxOTY2OTUuNzUwMDExMn0:1wkJ43:WSFrdhtW3Th2czSKRtE9NfwQdYPOcvn0FekFavAYCKw" style="width:200px;vertical-align:middle;border:0" width="200"/>
</a>
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="JPMorgan
nears a $1 trillion market cap thanks to record profit." data-linktype="Normal" style="color:#105C8E" target="_blank">
JPMorgan nears a $1 trillion market cap thanks to record profit.
</a>
</strong>
The company's valuation stood at about $935 billion Wednesday, lifted partly by a $4.6 billion gain on its Visa stake that helped push net income to $21.2 billion. JPMorgan would become the first bank to reach the threshold.
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<a aria-label="Phillip Spears / Getty Images" style="color:#105C8E" target="_blank" title="Phillip Spears / Getty Images">
<img alt="Phillip Spears / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-200066800-001.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODQxOTY2OTUuNzUwMTIyNX0:1wkJ43:8EMtgVWmRDEIasOnILRhAMkqSUpyBOoAf9A3vwHUHR0" style="width:200px;vertical-align:middle;border:0" width="200"/>
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<div>
<strong style="color: var(--blue-cta-default)">
<a data-linktext="Mortgage demand drops as the 30-year rate hits a 12-month high." data-linktype="Normal" style="color:#105C8E" target="_blank">
Mortgage demand drops as the 30-year rate hits a 12-month high.
</a>
</strong>
The average rate on a 30-year fixed loan climbed to 6.65%, up from 6.58% a week earlier. Refinancing
applications rose 4% as borrowers rushed to lock in rates before they climbed further. Purchase applications fell 7% for the week.
</div>
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<a aria-label="Sven Hoppe/ Picture Alliance via Getty Images" style="color:#105C8E" target="_blank" title="Sven Hoppe/ Picture
Alliance via Getty Images">
<img alt="Sven Hoppe/ Picture Alliance via Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2223867436.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODQxOTY2OTUuNzUwMjMwOH0:1wkJ43:QREu9RQ7VaLWNxEMVerjncbQNslaNXBbopT5CrENGLU" style="width:200px;vertical-align:middle;border:0" width="200"/>
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<strong style="color: var(--blue-cta-default)">
<a data-linktext="China
lets Apple Intelligence run on Alibaba's Qwen model." data-linktype="Normal" style="color:#105C8E" target="_blank">
China lets Apple Intelligence run on Alibaba's Qwen model.
</a>
</strong>
China's regulators added Apple's AI service to their list of approved AI providers, ending the company's two-year wait to offer the service there. Apple is also working with Baidu on a version for local iPhone users.
</div>
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<a aria-label="Bloomberg / Getty Images" style="color:#105C8E" target="_blank" title="Bloomberg / Getty Images">
<img alt="Bloomberg / Getty Images" class="img100" data-linktype="Normal" data-target="_blank" height="auto" src="https://inboxflows.com/_/image/https%253A%252F%252Fqz.com%252Fcdn-cgi%252Fimage%252Fwidth%253D640%252Cheight%253D360%252Cfit%253Dcover%252Cquality%253D85%252Cformat%253Dauto%252Fhttps%253A%252F%252Fassets.qz.com%252Fmedia%252FGettyImages-2269656164.jpg/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZxei5jb20lMkZjZCIsInRpbWUiOjE3ODQxOTY2OTUuNzUwMzM3fQ:1wkJ43:iWx2OXjgqb3tsDGXc47lveQAE-vIA0hHeiRdc_mcvnI" style="width:200px;vertical-align:middle;border:0" width="200"/>
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<div>
<strong style="color:#105C8E">
<a data-linktext="NY Fed President Williams says U.S. inflation has peaked." data-linktype="Normal" style="color:#105C8E" target="_blank">
NY Fed President Williams says U.S. inflation has peaked.
</a>
</strong>
John Williams expects the inflation rate to fall to about 3.25% by year end, citing cooling rent, falling oil prices, and
fading tariff effects. He backs holding the benchmark steady at 3.5% to 3.75% even as traders bet on a hike by September.
</div>
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<span style="line-height: 1.4">
Producers caught a break in June, when a wave of cheaper gasoline pushed a broad measure of price pressure into decline for the first time since last summer.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="line-height: 1.4">
The Bureau of Labor Statistics reported a 0.3% drop in the Producer Price Index, a
gauge of what businesses charge each other before goods and services reach consumers. Goods costs led the retreat, sliding 1.4%, the steepest drop since a 1.9% fall in July 2022. Gasoline alone accounted for nearly two-thirds of the decline, tumbling 12%, while broader energy costs sank 6.4%.
</span>
</div>
<div>
<br/>
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<div>
<span style="line-height: 1.4">
Services told a different story, rising 0.2% as margins for fuel and lubricant retailing jumped 13%, driving roughly half of the increase. Core PPI, which strips out food, energy, and trade
margins, climbed just 0.1%, well below the 0.3% gain economists at Barron's and CNBC had expected.
</span>
</div>
<div>
<br/>
</div>
<div>
<span style="line-height: 1.4">
The relief arrived before geopolitics intervened. Oil prices climbed again once the ceasefire between the United States and Iran collapsed, a shift the June data don't yet capture. The next Producer Price Index report, covering July, lands on Aug. 13, leaving open whether the summer's gas-price dip proves lasting or brief.
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<span style="background-color:rgba(0,0,0,0);color:#000000;font-size:16px">
The rate decision drops at 2pm, but most of the market move happens
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between 2:30 and 3:30
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AI Briefing.
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Fed catalysts tagged Bullish, Bearish, or Neutral.
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Unusual Options Activity.
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Real-time institutional flow on rate-sensitive sectors.
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Price triggers on Treasury yields and the dollar, so you're watching the right thing when it moves.
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