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Strengthening the Semiconductor Talent Pipeline: Leaders Convene in Syracuse to Build on Workforce Development Along I-90 Corridor

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Policymakers, industry leaders, and workforce experts discuss strategies to expand apprenticeships, training programs, and regional partnerships to sustain semiconductor workforce and industry growth

SYRACUSE, N.Y., March 20, 2025 /PRNewswire/ — Today, leaders from across government, industry, and workforce development convened at Syracuse University’s National Veterans Resource Center for a high-level summit focused on advancing workforce strategies that support the continued growth of New York’s semiconductor sector.

Hosted by the National Institute for Industry and Career Advancement (NIICA) and the Center for Strategic and International Studies (CSIS), in collaboration with Syracuse University, the event brought together Congressional leaders, state and local officials, workforce organizations, educators, employers, and semiconductor industry experts to examine workforce investments, discuss best practices, and explore strategies for expanding apprenticeship and training programs along the I-90 corridor and beyond.

This convening builds on the September 2023 CSIS forum, “Solving the Semiconductor Workforce Crunch,” and comes as historic public and private investments continue to fuel New York’s position as a national leader in semiconductor manufacturing. Semiconductor and related device manufacturing companies in New York have increased by 27% since the passage of the CHIPS and Science Act, reflecting the state’s rapid industry growth.

“A strong semiconductor workforce is the foundation of U.S. technological leadership. New York’s approach—leveraging apprenticeships, skill-based training, and cross-sector collaboration—demonstrates a forward-thinking model for developing talent at scale. Today’s discussions reinforced the importance of aligning education and workforce strategies to keep pace with industry growth,” said Sujai Shivakumar, Senior Fellow and Director of Renewing American Innovation at CSIS.

The event featured discussions with federal, state, and local policymakers on the strategic investments and policies driving semiconductor workforce development across New York. Empire State Development President, CEO and Commissioner Hope Knight said, “Under Governor Hochul’s leadership, New York State is establishing itself as a leader in the America’s domestic semiconductor resurgence by making strategic investments to grow the industry and its supply chain. In tandem, we continue to support workforce development programs and projects that will provide more New Yorkers with the skills needed for these good-paying jobs, while ensuring that these companies have the trained workforce to support new and sustainable growth.”

Workforce development practitioners and industry leaders also provided insight into how apprenticeship programs and industry-education partnerships are strengthening the talent pipeline. “Developing a semiconductor workforce for the U.S. requires more than just classroom training—it demands hands-on experience, industry partnerships, and structured career pathways. Registered Apprenticeships and skill-based learning programs, which NY CREATES is proud to be spearheading with our innovation-focused partners from industry, academia, and organizations like NIICA, are key to closing the talent gap and ensuring workers are equipped for high-tech careers,” said Dr. Robert Geer, Vice President of Education and Workforce Development at NY CREATES.

Participants also highlighted the importance of scaling and sustaining workforce development initiatives as semiconductor manufacturing investments expand. Melinda Woods, NIICA Board Chair and former Senior Advisor to the Secretary of Defense for supply chain readiness, stressed the role of collaboration in achieving long-term success. “The success of New York’s workforce strategy highlights the power of public-private partnerships,” said Woods. “By strengthening collaboration between government, industry, and education, we are not only meeting today’s workforce needs but also laying the foundation for long-term economic resilience and innovation.”

As federal, state, and private investments in semiconductor manufacturing continue to grow, today’s discussions underscored the importance of continued collaboration between industry, education, and government to build a skilled and sustainable workforce. Speakers highlighted the role of Registered Apprenticeships and skill-based training programs in meeting industry demand and creating long-term career pathways in critical sectors like semiconductors and advanced manufacturing.

“As the leading voice and business solutions provider for manufacturers in Central and Upstate New York, MACNY is deeply engaged in workforce training and education, including efforts to expand Registered Apprenticeships across the state. It was a pleasure to participate in the event at Syracuse University and see national recognition for the work being done to develop the talent pipeline and prepare the workforce to support the semiconductor industry along the I-90 corridor,” said Mike Frame, Executive Vice President of MACNY. “It was equally important to see the focus on strengthening the broader manufacturing and tech talent pipeline, as these industries will continue to draw from the same skilled workforce.”

With workforce readiness playing an essential role in the success of semiconductor expansion efforts nationwide, leaders explored strategies to ensure training programs remain adaptable, scalable, and aligned with evolving industry needs. As New York continues to serve as a model for semiconductor workforce development, the discussions will help shape future efforts to strengthen talent pipelines and support a globally competitive and resilient workforce.

“It was great to see national recognition from CSIS and NIICA for our region’s efforts to attract major investments with long-term impacts for the state and nation—potentially one of the largest semiconductor investments in history. This was truly a collective effort by regional stakeholders, state and federal government, and private organizations. Now, the focus shifts to preparing the workforce needed to power these investments, creating opportunities for county and state residents for generations to come—and we are ready for the task,” said Ryan McMahon, Onondaga County Executive, who has played a key role in attracting Micron and other major investments while preparing the region to support ongoing operations.

A replay of the event will be made on NIICA’s YouTube channel at www.youtube.com/@NiiCA-workforce.

For more information about NIICA’s work, visit www.niica.org. For more information about CSIS’ work, visit www.csis.org.

About the National Institute for Industry and Career Advancement™ 
NIICA is a 501(c)(3) organization that is responsible for a national strategy to build the talent pipeline to support strategic industry sectors – tech-based industries and advanced manufacturing tied to U.S. national security and global competitiveness.  

NIICA is a nation’s leader in semiconductor talent pipeline development strategy and is the U.S. Department of Labor’s national Registered Apprenticeship industry Intermediary responsible for establishing and expanding apprenticeships throughout the semiconductor and broader nanotechnology-related industries and advanced manufacturing supply chain. All related programming and support are being advanced through NIICA’s Center for Skill-Based Learning and National Talent Pipeline Development Initiative. 

About the Center for Strategic and International Studies
CSIS is a bipartisan, nonprofit policy research organization dedicated to advancing practical solutions to global challenges through independent research and strategic analysis. CSIS is a leader in national security and economic policy research, helping to shape policies that enhance U.S. global competitiveness and long-term stability. Through expert-driven reports, events, and advisory work, CSIS provides innovative, cross-disciplinary insights to inform key policymakers, industry leaders, and global stakeholders.

Founded in 1962, CSIS is led by President and CEO John J. Hamre and governed by a Board of Trustees chaired by Thomas J. Pritzker. The organization’s mission is driven by non-partisanship, integrity, and professional excellence, with a commitment to shaping a safer and more prosperous world through strategic engagement and policy impact.

View original content:https://www.prnewswire.com/news-releases/strengthening-the-semiconductor-talent-pipeline-leaders-convene-in-syracuse-to-build-on-workforce-development-along-i-90-corridor-302407336.html

SOURCE National Institute for Industry and Career Advancement

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Lear Capital’s Gold $4,200 Report Revisited: Will It Happen Sooner Than Expected?

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Economic Turbulence, Debt Crisis and Market Instability Accelerate Timeline for Record Gold Prices

LOS ANGELES, March 25, 2025 /PRNewswire/ — As economic uncertainty continues to mount, Lear Capital, a leader in precious metals investing since 1997, revisits its earlier analysis that gold could reach $4,200 per ounce — a forecast that now appears increasingly plausible given current market conditions.

On March 19, 2025, the Federal Reserve held interest rates steady at 4.25% to 4.5% with Chair Jerome Powell noting that higher inflation expectations stem partly from tariffs, while weaker growth and rising recession forecasts have introduced new economic uncertainty. With inflation risks persisting and economic growth slowing, investors are increasingly turning to gold as a hedge against uncertainty and a safeguard against the eroding value of the dollar.

“The convergence of financial challenges we’re witnessing today creates the perfect storm for gold’s historic rally,” said Kevin DeMeritt, founder of Lear Capital. In January, Lear Capital released its prophetic report, “$4,200 Gold Ahead?” And now DeMeritt says America is hurtling ever closer to that historic high.

“With gold hitting $3,000 per ounce in mid-March, the economic headwinds we identified in our initial report are accelerating, potentially shortening the timeline to the $4,200 milestone.”

Several critical factors drive gold’s momentum:

— Stock Market Vulnerability: Recent sell-offs across major indices have underscored the vulnerability of equity-heavy portfolios. This market volatility has renewed interest in gold as a stabilizing asset class that historically moves independently of stocks during periods of economic turbulence.

— Proposed Tariff Plans: The proposed implementation of tariffs on imports could significantly drive inflation higher, potentially weakening the U.S. dollar and pushing more investors toward gold as a hedge against diminishing purchasing power.

— National Debt Crisis: With U.S. debt surpassing $36 trillion, interest payments on this massive liability continue to skyrocket, consuming an ever-larger portion of the federal budget. This unsustainable trajectory erodes confidence in the dollar, enhancing gold’s appeal as an alternative store of value.

“What we’re seeing isn’t just a temporary spike in gold prices,” DeMeritt added. “These are fundamental economic shifts that validate what Lear Capital has been advising clients for decades — precious metals play a crucial role in protecting wealth during uncertain times.”

Investors seeking to understand these market dynamics and how to prepare their portfolios can request a free copy of Lear Capital’s comprehensive report by calling 800-576-9355 or visiting www.learcapital.com.

About Lear Capital

Since 1997, Lear Capital has been a trusted name in the precious metals industry, providing expert guidance and tailored solutions on gold and silver. With a commitment to transparency and customer education, Lear Capital empowers clients to make informed decisions about incorporating gold, silver, and other precious metals into their long-term financial strategies.

Media Contact:
Matt Konigsmark
press@learcapital.com
800-576-9355

View original content to download multimedia:https://www.prnewswire.com/news-releases/lear-capitals-gold-4-200-report-revisited-will-it-happen-sooner-than-expected-302409982.html

SOURCE Lear Capital

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Sumitomo Corporation of Americas Awarded Seat on KlearNow.AI Customer Advisory Council; Will Help Futurize Global Trade with AI-Powered Supply Chain Solutions

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NEW YORK, March 25, 2025 /PRNewswire/ — Sumitomo Corporation of Americas announced today that it was selected to join KlearNow.AI’s Customer Advisory Council as an integral partner in further guiding the company’s unique product suite.

As a leader in global logistics operations, SCOA’s deep understanding of the customs clearance, drayage, and supply chain industry, along with its knowledge of industry trends, challenges, and best practices, will be invaluable in shaping KlearNow.AI strategies. Additionally, SCOA brings an innovative approach that will contribute to KlearNow’s ability to address challenges and stay ahead of the curve in this rapidly evolving industry.

“SCOA’s strong professional network and industry influence brings diverse perspectives to the table and will champion the KlearNow message, advocating for our products and services across multiple global locations,’ said Sam Tyagi, CEO and Co-Founder at KlearNow.AI. “These resources will be instrumental in growing our reach within the global trade management space.”

The KlearNow.AI Customer Advisory Council will focus on providing product guidance. As a key member, SCOA’s role will include:

Understanding and sharing market trends.

Product prioritization based on real-world experience + organizational needs.

Brainstorming and exploring new and innovative use cases for KlearNow.

Potential participation in early and Beta product testing and quality assurance.

“Operating on a global scale, we can understand first-hand the benefits that come with an intelligent, AI-powered platform that streamlines logistics operations,” said Satoshi Bansho, Senior Vice President of the Logistics Group, at Sumitomo Corporation of Americas. “Collaborating with KlearNow will allow us to bring such innovative solutions to companies facing similar challenges in their supply chain operations.”

The collaboration between KlearNow.AI, an AI-Powered global trade technology, and SCOA, a leader in logistics operations globally aims to break the persistent challenge of siloed data, and drive growth in the trade management space globally at a very volatile time for international business.

About KlearNow

KlearNow.AI is on a mission to make global trade easy with AI and ML technologies. Our platform digitizes paper-based transactions, automates complex workflows, and integrates data across customs clearance, supply chain and drayage processes. We provide unparalleled data orchestration, visibility, and analytics serving over 2,000 customers, including Fortune 500 companies, KlearNow.AI enhances supply chain resilience, global trade efficiency, and compliance transparency. For more information, visit www.klearnow.ai.

About SCOA
Established in 1952 and headquartered in New York City, Sumitomo Corporation of Americas (SCOA) has nine offices in major U.S. cities, four in Canada, and two in Mexico. As the largest subsidiary of Sumitomo Corporation, SCOA is a key player in multinational projects, international investments, and global product distribution. Its core businesses include Energy, Automotive, Social Infrastructure, Agri-food and Life Science, Construction and Transportation Systems, Real Estate, Mineral Resources, and Energy Innovation. For more information, visit sumitomocorp.com.

View original content:https://www.prnewswire.com/news-releases/sumitomo-corporation-of-americas-awarded-seat-on-klearnowai-customer-advisory-council-will-help-futurize-global-trade-with-ai-powered-supply-chain-solutions-302410762.html

SOURCE Sumitomo Corporation of Americas

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Euclid Cyber Expands Underwriting Team with Sage N. Clements, CISSP as Vice President, Cyber Risk Engineering

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Sage Clements brings his invaluable technical expertise to Euclid Cyber.

ITASCA, Ill., March 25, 2025 /PRNewswire-PRWeb/ — We are thrilled to announce that Sage N. Clements has joined Euclid Cyber, LLC (Euclid Cyber) as Vice President, Cyber Risk Engineering. In this new role, Sage will lead Euclid Cyber’s risk engineering initiatives and brings his invaluable technical expertise to Cyber and E&O risk selection.

Sage is a seasoned Information Technology professional and Cyber and Professional Liability expert with over 20 years of experience across both the IT and insurance industries. He has helped Fortune 500 companies and businesses in the technology and life science sectors develop effective risk management strategies, write coverage forms, create endorsements, and conduct coverage analysis.

Sage holds multiple industry-recognized certifications, including CISSP, Sec+ and CySa+, which further underscore his extensive knowledge and commitment to staying ahead of evolving threats in both IT and insurance. His expertise spans a broad spectrum, including cybersecurity, professional liability, and risk management.

Passionate about digital forensics, Sage is dedicated to understanding how threat actors exploit victims and continuously hones his skills through Capture The Flag (CTF) events. Outside of work, he enjoys running in local marathons and is a strong advocate for continuous professional development, mentoring aspiring professionals in both insurance and cybersecurity. His mission is to empower individuals and organizations to thrive in an increasingly digital world.

Sage will be based in Texas and report to Colette Fearon, Managing Principal.

About Euclid Cyber

Euclid Cyber provides excess insurance solutions for organizations facing complex cyber security, data privacy, and professional liability risks. With over 40 years of combined experience, we offer specialized expertise and comprehensive coverage to combat evolving cyber threats and rising claims costs, ensuring greater financial protection in an ever-changing risk landscape. For more information visit www.euclidcyber.com.

For media inquiries, please contact:

General inquiries – underwriting@euclidcyber.com

For Submissions – submissions@euclidcyber.com

Media Contact

AnnaMaria Landaverde, Euclid Cyber, LLC, 1 332-205-7025, alandaverde@euclidcyber.com, www.euclidcyber.com

View original content to download multimedia:https://www.prweb.com/releases/euclid-cyber-expands-underwriting-team-with-sage-n-clements-cissp-as-vice-president-cyber-risk-engineering-302410165.html

SOURCE Euclid Cyber, LLC

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