Chip industry faces shortage of 7 lakh workers by 2030: IESA chief
The semiconductor industry, which is a crucial component of the global technology ecosystem, is facing a significant challenge in the form of a looming shortage of skilled workers. According to Ashok Chandak, President of the India Electronics and Semiconductor Association (IESA), the sector could face a shortage of around seven lakh workers by 2030. This shortage poses a significant threat to the growth and development of the industry, but it also presents an opportunity for India to fill the void and establish itself as a major player in the global semiconductor market.
Chandak’s statement highlights the severity of the issue and the need for urgent action to address the shortage of skilled workers in the semiconductor industry. The worldwide shortage of skilled workers in the sector is a problem that affects not just India, but the entire global technology ecosystem. However, Chandak believes that India has the opportunity to capitalize on this shortage and establish itself as a major hub for semiconductor manufacturing and design.
The semiconductor industry is a critical component of the global technology ecosystem, and its growth and development are essential for the development of a wide range of technologies, including artificial intelligence, 5G, and the Internet of Things (IoT). However, the industry’s growth is threatened by the shortage of skilled workers, which could lead to delays in the development and production of critical components.
To address the shortage of skilled workers, Chandak emphasized the need to update the technical curriculum and develop manufacturing-related training programs. This will enable India to develop a pipeline of skilled workers who can meet the needs of the industry and capitalize on the opportunities presented by the global shortage. Chandak’s statement highlights the need for a collaborative effort between industry, academia, and government to develop the necessary skills and training programs to address the shortage of skilled workers.
The Indian government has already taken several steps to promote the growth and development of the semiconductor industry, including the establishment of the India Semiconductor Mission (ISM) and the provision of incentives for companies that invest in semiconductor manufacturing and design. However, more needs to be done to address the shortage of skilled workers and to establish India as a major hub for semiconductor manufacturing and design.
The opportunity presented by the global shortage of skilled workers in the semiconductor industry is significant, and India has the potential to capitalize on this opportunity and establish itself as a major player in the global semiconductor market. However, this will require a concerted effort from industry, academia, and government to develop the necessary skills and training programs and to promote the growth and development of the industry.
In recent years, India has made significant progress in the development of its semiconductor industry, with several major companies, including Intel, Texas Instruments, and STMicroelectronics, establishing design and manufacturing facilities in the country. However, the industry still faces significant challenges, including the shortage of skilled workers, and more needs to be done to promote the growth and development of the sector.
The IESA has played a critical role in promoting the growth and development of the Indian semiconductor industry, and Chandak’s statement highlights the need for continued collaboration and investment in the sector. The association has worked closely with industry, academia, and government to develop the necessary skills and training programs and to promote the growth and development of the industry.
In conclusion, the semiconductor industry is facing a significant challenge in the form of a looming shortage of skilled workers, but this shortage also presents an opportunity for India to establish itself as a major player in the global semiconductor market. To capitalize on this opportunity, India needs to update its technical curriculum and develop manufacturing-related training programs to address the shortage of skilled workers. With the right skills and training programs in place, India can establish itself as a major hub for semiconductor manufacturing and design and capitalize on the opportunities presented by the global shortage.
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