The U.S. and Vietnam have taken positive strides toward making the Southeast Asian nation a more important player in the chip industry. However, a staggering shortage of trained workers stands in the way of those ambitions.

Samsung is partnering with the University of Texas at Austin to grow local chip talent with a $3.7 million investment. The funding will establish scholarship programs and support chip research in central Texas to address critical workforce shortages.

Digital procurement tools can help prevent excess electronic component inventory, mitigate remaining part shortages, and help users avoid upcoming supply chain disruptions.