Chip Experts See Talent Shortage as Main Growth Hurdle
By Alan Patterson, EETimes (July 21, 2023)
The global semiconductor industry’s shortage of workers is likely the largest impediment to growth—the latest example coming this week from a fab-construction delay announced by Taiwan Semiconductor Manufacturing Co. (TSMC). Government stimulus programs like the U.S. CHIPS Act that are aimed at building secure regional supply chains are adding to the problem, according to executives and analysts interviewed by EE Times.
Compensation for fab workers has soared, but that’s not helping to increase the supply of qualified workers. As an aging generation of semiconductor engineers prepares to retire, chipmakers are having difficulty finding younger people to replace them.
In the U.S., where the CHIPS Act has spurred more than $200 billion worth of new fab investments in states like Texas and Arizona, positions for more than 100,000 skilled workers remain unfilled, according to global management consultancy McKinsey.
E-mail This Article | Printer-Friendly Page |
Related News
- Global 200mm Fab Capacity on Pace to Record Growth to Meet Surging Demand and Address Chip Shortage, SEMI Reports
- 76% of IC Products Expected to See Flat/Negative Growth in 2019
- CMOS Image Sensors See Higher Growth from Greater Diversity of Uses
- Intel may see $2B non-x86 growth in 2013
- Impinj Stages Semiconductor Industry Event; Panel of Chip Intellectual Property Experts to Discuss Role of Logic Nonvolatile Memory in High Growth Electronics Markets
Breaking News
- Arm revenues up 47%; shares fall
- Sondrel awarded new Video Processor ASIC design and supply contract for a leading provider of High-Performance Video systems
- X-Silicon Announces a NEW Low-Power Open-Standard Vulkan-Enabled C-GPU™ - a RISC-V Vector CPU Infused with GPU ISA and AI/ML acceleration in a Single Processor Core
- Softbank reported to be in talks to buy Graphcore
- VESA Elevates PC and Laptop HDR Display Performance with Updated DisplayHDR Specification
Most Popular
- Synopsys Enters Definitive Agreement to Sell its Software Integrity Business to Clearlake Capital and Francisco Partners
- Fabless semiconductor startup Mindgrove launches India's first indigenously designed commercial high-performance MCU chip
- sureCore announces successful tape-out of cryogenic IP demonstrator
- Siemens delivers end-to-end silicon quality assurance for next-generation IC designs with new Solido IP Validation Suite
- Announcing Availability of Silicon-Proven 12bit 1Msps SAR ADC IP Core for Whitebox Licensing with Royalty Free