Today, the semiconductor industry is in a pivotal competition, being aware of the fact that chips are set to drive the forefront of future growth and innovation. Countries including South Korea, Germany, and the United States have presented plans for massive new semiconductor facilities to be started. Overall, reports state that there would be investments of almost $1 trillion between the years 2023 and 2030.
India has also been witnessing massive investments flowing in from countries looking to set up semiconductor units, which has led to the creation of thousands of job opportunities. The government has recently approved investments worth $15 billion in the sector. However, plans to set up manufacturing units are just one of the components of the semiconductor sector's boom. The actual problem, in fact, lies in identifying the talent to facilitate this boom.
In the United States, estimates suggest that enterprises across industries are likely to face a shortfall of 300,000 engineers and 90,000 skilled technicians by the year 2030. In order to operate at full steam, they need to ensure that they attract qualified and skilled talent before the massive projects start operations.