RESEARCH REPORT
The competitive etch: Addressing the talent gap
5-MINUTE READ
April 26, 2024
RESEARCH REPORT
5-MINUTE READ
April 26, 2024
The effort to strengthen domestic semiconductor capacity is complicated by a talent shortage across the entire value chain and the pipeline remains narrow. Factors like the global chip shortage have put a strain on the industry, but once the supply chain resets there is a significant risk of going from a material shortage to a talent shortage if significant action is not taken.
No single country has the labor force needed to support domestic semiconductor self-sufficiency since each country is part of an interconnected we of highly specialized talent, however we explore three levers that companies should consider to evolve their workforce and applicability across the value chain.
Semiconductor executives are learning new ways to make their companies more desirable such as hybrid/remote work environments, but depending on the role, quality and manufacturing engineers working in a fabs may not have the same flexibility for remote work compared to their peers in hardware and software engineering roles. To mitigate talent shortages, semiconductor companies should deploy a combination of strategies outlined in this report.
This is not the first time the industry has undergone a major disruption and it won’t be the last. But it cannot be lost that during a historic surge in demand for STEM talent, if the talent discussion is not elevated it will become the next big disruptor.
We will see a wide variety of requirements coming in for talent, and we have to take steps to make sure that we don’t go from a supply shortage to talent shortage.
Syed Alam