India’s Semiconductor Industry to Generate a Million Jobs by 2026, Report Finds

• Chinmay
• November 14, 2024
• India, News
• chip manufacturing, high-tech jobs, india, Job Creation, semiconductor fabrication, Semiconductor Industry, skilling, talent pipeline, upskilling, workforce development
• 0 Comments

As India moves toward becoming a global hub for semiconductor manufacturing, the sector is projected to create up to one million jobs across diverse roles by 2026, according to a recent report by talent solutions provider NLB Services. The surge in demand spans various specialties, from fabrication and testing to design and quality control, as the country aims to solidify its semiconductor ecosystem.

The report highlights that within this job creation target, an estimated 300,000 roles will emerge in semiconductor fabrication, 200,000 positions in Assembly, Testing, Marking, and Packaging (ATMP), and several additional roles across chip design, software development, system circuits, and supply chain management. Engineers, technicians, quality control specialists, and materials experts will be among the key workforce categories required to support this growth.

As private companies and the government invest in India’s semiconductor sector, new facilities, and increased infrastructure underscore the country’s commitment to building a skilled semiconductor talent pipeline. The influx of investment is expected to generate a wave of high-tech and manufacturing jobs while addressing the rising demand for skilled professionals, including Process Integration Engineers, Design Engineers, Preventative Maintenance Technicians, Quality Control Specialists, and more.

However, the report also notes a talent gap within the industry, which presents a challenge to sustaining long-term growth. According to NLB Services CEO Sachin Alug, India must significantly increase upskilling efforts to meet its goal of developing one million skilled professionals by 2026. “To build a world-class semiconductor ecosystem, we must focus on high-quality education as the foundation,” he said. “Achieving this target requires upskilling approximately 500,000 talents annually.”

To support this upskilling drive, internship programs are being recognized as crucial for providing hands-on industry experience. “Internships play a vital role in ensuring a steady flow of skilled local talent into India’s semiconductor industry,” Alug added. “In the next 2-3 years, we expect a 25% increase in investment toward skilling and reskilling to meet the sector’s needs.”

With a combined effort from government bodies, private investment, and targeted workforce development programs, India’s semiconductor industry is on track to foster a robust talent pipeline, driving substantial growth across high-tech and manufacturing sectors.