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INDIAN SEMICONDUCTOR SECTOR : POTENTIAL for JOBS



  Jun 06, 2024

INDIAN SEMICONDUCTOR SECTOR : POTENTIAL for JOBS



Overview

India’s semiconductor sector is poised for significant growth, with projections indicating the creation of around 10 lakh jobs over the next five years. This surge in employment is driven by the increasing global demand for semiconductors, particularly for applications in AI, IoT, and advanced technologies.

Growing Demand and Job Creation

As AI usage continues to rise globally, the demand for cutting-edge semiconductors also increases to meet the computational requirements of AI applications. The Indian semiconductor market is expected to reach USD 55 billion by 2026, driven by sectors like smartphones, wearables, automotive components, computing, and data storage.

Key Job Roles

The semiconductor value chain includes roles in:

• Wafer Design and R&D
• Design Testing
• Wafer Fabrication
• Quality Assurance
• Assembly and Packaging
• System Integration and Distribution

Despite this growth, there is an anticipated shortfall of 2.5 to 3 lakh skilled workers by 2027. This gap underscores the need for specialized training and upskilling programs.

Skill Development and Upskilling

Current Scenario

Although India has a large pool of engineering graduates, many lack expertise in specialized areas such as chip design and fabrication techniques. For example, in 2021-2022, 9.8 lakh students enrolled in undergraduate courses related to Electronics and Electrical Engineering, but few had the necessary skills for advanced semiconductor roles.

Proposed Solutions

Implementing comprehensive upskilling programs can equip current professionals and recent graduates with essential skills, bridging the talent gap. Focus areas include:

• Advanced Chip Design
• Fabrication Techniques
• AI and Machine Learning Applications in Semiconductors

Government Initiatives

Policy Measures

The Indian government has introduced several initiatives to promote indigenous semiconductor production and attract significant investments. Key policies include:

• Production Linked Incentive (PLI) Scheme: Encourages domestic manufacturing.

• Design Linked Incentive (DLI) Scheme: Supports design and innovation in semiconductor technology.

Strategic Partnerships

Collaborations between government, educational institutions, and industry players are crucial. For instance:

• MoU with Indian Semiconductor Mission and Indian Institute of Science: Aims to enhance skills and address the talent gap.

• Partnerships with Multinational Corporations: Facilitates technology transfer and training programs.

Industry Insights

Market Potential

India’s semiconductor sector has significant potential due to the rising demand for advanced technologies like low-power edge AI and wireless connectivity. Despite challenges related to infrastructure, the emphasis on innovation and IP ownership can drive growth.

Need for Local Innovation

Promoting a startup environment focused on local innovation and IP ownership can retain economic benefits domestically. Supporting local startups and fostering an innovation ecosystem are critical for long-term success.

Future Prospects

To address the skilling gap and enhance India’s position in the global semiconductor market, strategic actions are necessary:

• Comprehensive Training Programs: Develop skills in advanced chip design, fabrication, and emerging technologies.

• Educational Partnerships: Collaborate with educational institutions to align curricula with industry needs.

• Research and Development: Invest in R&D to drive innovation and improve competitiveness.

Conclusion

The Indian semiconductor sector is on the cusp of significant growth, with the potential to generate substantial employment and drive economic development. By focusing on skill development, fostering local innovation, and leveraging government initiatives, India can position itself as a key player in the global semiconductor market.



SRIRAM’s



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