Semicon India 2024: Jobs, Talent, and Trends in the Semiconductor Industry

Key Highlights from Semicon India 2024

Prime Minister Narendra Modi, during the SEMICON India 2024 inauguration in Greater Noida on September 11, emphasized India’s burgeoning digital services sector from UPI payments to Digiyatra. Ashwini Vaishnaw, Minister for Railways and Electronics, announced the government’s commitment to cultivate a talent pool of 85,000 engineers within the next decade.

Job Landscape in the Semiconductor Industry

Current assessments reveal that approximately 50,000 professionals are employed in the semiconductor sector, with an anticipated increase in demand for skilled, semi-skilled, and unskilled labor this year. Specialist staffing company Xpheno noted that around 60-80% of positions were in the entry-level category recently.

• Entry-level roles often include positions like semiconductor technician, junior engineer, or production operator.
• Mid-level positions, making up about 15-20%, entail roles such as semiconductor design engineer and quality control specialist.
• Senior-level roles comprise approximately 10-20% of the market, including senior design architect and research scientist.

Compensation Trends

As the semiconductor field gears up for growth, compensation trends have shown substantial increases over the past couple of years. According to Sanjay Gupta, Chairperson of India Electronics and Semiconductor Association (IESA), the average salary has risen by 10-20% across roles, signaling a healthy market for semiconductor talent.

The government has identified over 300 colleges to offer semiconductor courses, aiming to create more than 100,000 semiconductor design engineers within five years. Modi stressed India's significant contribution to global semiconductor design talent, which stands at 20% and is on the rise!