Technology1 min read

Semiconductor boom may add 1 lakh jobs; senior engineers earn 6x IT salar

By · Via Times of India · Published by Everything Blog

In short

The expanding domestic semiconductor industry anticipates adding roughly 67,500 jobs within the next 18 months as hiring pushes heavily into manufacturing and fabrication disciplines. The market suffers from an acute mismatch where 135 vacancies exist for every 100 microarchitecture engineers. To plug these urgent gaps, tech leaders are aggressively poaching experienced talent internationally and retraining candidates from IT services backgrounds. Top recruiters are particularly prioritizing professionals skilled in languages like Python, C++, Verilog, and SystemVerilog.

Key points

  • Mid-to-senior professionals in process engineering and chip fabrication can secure up to…: Mid-to-senior professionals in process engineering and chip fabrication can secure up to six times standard IT services salaries.
  • Industry hiring is rapidly broadening beyond traditional design into advanced packaging,…: Industry hiring is rapidly broadening beyond traditional design into advanced packaging, reliability engineering, and equipment maintenance.
  • Recruiters are sourcing senior personnel from the United States and Southeast Asia to mee…: Recruiters are sourcing senior personnel from the United States and Southeast Asia to meet specialized hardware engineering needs.

Sources checked by our analysis pipeline: 1

India is betting big on the semiconductor industry to drive an important phase of its manufacturing leap and the focus is expected to create over one lakh jobs in the coming years.

Industry experts estimate over 1 lakh jobs in the next three years through the country’s efforts to build a semiconductor ecosystem of its own.

Hiring requirements in the semiconductor industry are also evolving, with recruitment extending beyond conventional chip-design roles.

Talent hunt in semiconductor industry

According to estimates by Boston Consulting Group (BCG), the country’s semiconductor workforce, currently pegged at 25,000, is expected to expand fourfold during this period.

Separately, a study by recruitment and staffing firm CIEL HR Services for ET indicates that companies in the sector could add around 67,500 jobs in the next 18 months.

Professionals with specialised skills, including process engineering, chip fabrication, chip design, systems engineering and product architecture, can earn four to six times the salaries of IT services professionals with similar experience. The difference is particularly pronounced at the mid-to-senior levels, Ankush Wadhera, partner and managing director at BCG told the…

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