Chip industry to face crunch of 300,000 professionals by 2027: Teamlease study

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

This assumes significance as India is looking to target a significant share of the global semiconductor manufacturing industry. Under the Rs 76,000 crore semiconductor incentive scheme, the government has approved four projects so far. These include Micron’s assembly, test, marking and packaging (ATMP) project, Tata’s chip manufacturing and assembly project,