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Manpower supply still insufficient in global semiconductor industry

A shortage of manpower is continuing in the global semiconductor industry as major companies in the industry are expanding their facilities rapidly.

TSMC, the largest foundry in the world, is planning to invest at least US$44 billion this year alone. Intel is building a US$20 billion plant in Arizona and another plant of the same size in Ohio while planning to invest US$100 billion for 10 years to come. A total of US$17 billion will be invested in Samsung Electronics’ new foundry in Texas, the groundbreaking of which is scheduled for the first half.

Under the circumstances, approximately 90,000 new jobs are expected to be created in the U.S. semiconductor sector for four years to come and the global number is estimated at 300,000.

At the end of the third quarter of 2021, the device solutions division of Samsung Electronics had 64,215 employees in total, including about 20,000 in the foundry business unit. TSMC’s employee count is about 60,000 and the gap is unlikely to be filled in the near future although Samsung Electronics is trying to increase employment. BusinessKorea

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