First off, Semper Fi to all the jarheads. 8)
The only engineering degree I have so far is the Combat Engineer position I had in the USMC....yup... they taught me how to build things then blow them up....along with being able to hit a man-size target at 500meters with bare sites.
Changed careers from automotive tech to electronics(17 years ago), an AAS will get you in the door of most semiconductor businesses but a little talent with hardware or software will take you farther.
My suggestion is to try to find a job you like that won't be outsourced to India or Asia about a year after you optimize your process.
I don't know of what position in semiconductor industry are you talking about. But I know that there are 40k people working for my company which is one of the big players in the industry and there is noone with AAS, moreover BS is considered low, I would say the normal distribution is 30% with BS, 55% with MS and the rest have PhDs. I might be wrong but based on my knowledge of this industry the only place where you can work with AAS is "Mom and Dad" electronics repair store...
I'm not taking Military and Government into consideration, they are well known for the "beatiful minds" and blasing their own bunkers with "top of the line technology. And think of it this way - the more you know, the more you get paid, that's why military and government jobs don't pay much. If you would check officer's pay grade with 15 years of service and compare it to new college hire from a small start-up, guess what...