As India positions itself as a global hub for semiconductor manufacturing, homegrown companies are actively recruiting international talent to spearhead their operations.
The semiconductor industry in the country is still in its nascent stages.
This has led to a surge in demand for experienced professionals, prompting firms to seek skilled executives from abroad.
While the focus on global talent addresses immediate needs, industry leaders emphasize the importance of developing local expertise.
Educational institutions and training programs are being encouraged to align their curricula with the requirements of the semiconductor industry.
Partnerships with global technology firms are also being explored to foster knowledge transfer and skill development.
The Talent Gap in India’s Semiconductor Industry
India’s semiconductor ecosystem is still developing, with limited local expertise in areas such as fabrication and advanced chip design.
This talent gap has led companies to rely on expatriates and professionals with global experience to fill critical leadership roles.
Industry experts highlight that the absence of a robust semiconductor ecosystem has made it challenging to find skilled C-suite executives domestically.
Several Indian semiconductor companies have made notable hires to strengthen their leadership teams. For instance:
- Tata Electronics appointed Randhir Thakur, former President of Intel’s Foundry Services, as its CEO and MD.
- CG Semi, part of the Murugappa Group, brought in Jerry Arucan Agnes, a veteran from Filipino in the industry, as its CEO.
- Vedanta hired David Reed as CEO of its semiconductor business and YJ Chen as CEO of its display business.
These appointments underscore the industry’s reliance on global talent to drive operations and set up facilities.
Government Support and Incentives, Competitive Compensation Packages
Government of India has been proactive in supporting the semiconductor industry through initiatives like the India Semiconductor Mission (ISM).
Companies such as Tata Electronics, CG Semi, and Kaynes SemiCon have received incentives under this program to establish facilities in the country.
These efforts aim to attract investments and create a conducive environment for semiconductor manufacturing.
To attract top talent, Indian semiconductor companies are offering lucrative compensation packages.
Salaries for senior executives in the sector range from $500,000 to $1 million annually.
Certain roles offer even higher pay, depending on the candidate’s expertise and the scale of operations.
Preferred recruitment markets include Southeast Asia, the United States, and Europe, where experienced professionals are more readily available.
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