Chip industry to face shortage of 300,000 professionals by 2027

India’s semiconductor industry will face a professional shortage of 250,000-300,000 by 2027, according to a report by TeamLease Degree Apprenticeship.

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According to a report by TeamLease Degree Apprenticeship, India’s semiconductor industry will face a professional shortage of 250,000-300,000 by 2027. The talent shortage is expected to affect verticals such as research and development (R&D), design, manufacturing, and advanced packaging.

This is significant because India aims to capture a sizable share of the global semiconductor manufacturing industry. The government has approved four projects as part of the Rs 76,000 crore semiconductor incentive scheme. Among these are Micron’s assembly, test, marking, and packaging (ATMP) project, Tata’s chip manufacturing and assembly project, and CG Power’s chip assembly project. More projects are also being developed and approved.

According to industry estimates, India’s semiconductor industry is expected to be worth $100 billion by 2030. Recently, companies and the government collaborated to implement the required curriculum in various colleges. Last year, the government announced that more than 300 prominent Indian colleges would begin offering specialised semiconductor courses.

Degree apprenticeships, which combine theoretical and on-the-job training, can help industry access a highly qualified workforce, thereby reducing the talent gap.

Ramesh Alluri Reddy, chief executive officer of TeamLease Degree Apprenticeship, said, “AI-powered chip design and smart manufacturing are creating a demand for professionals skilled in AI, IoT, and 5G. Building an ecosystem for higher value creation activities and cultivating a competent workforce through degree apprenticeships and training programs is crucial to establish India as a significant player.”