How can we overcome the skills shortage in semiconductors?
The skills gap in the semiconductor industry is not a new problem; it’s an ageing one. Skills shortages in the sector tend to be cyclical to an extent, affected mostly by the hiring investments (or lack thereof) of the biggest players within semiconductors. However, new challenges have created a situation which is steadily worsening; one which will severely limit growth if new talent cannot be found.
In the US, it is predicted that American universities will produce only 29 per cent of the required number of graduates required by the sector over the next few years, while here in the UK we face a shortfall of 20,000 domestic engineering graduates annually. There just isn’t enough talent being fed into the pipeline. This is further compounded by the lack of deep technical knowledge and practical experience of many graduates, with few attractive internships offered.