Semiconductor Industry to Create 1 Million Jobs in India by 2026

India's semiconductor sector is expected to create 1 million jobs by 2026, with a strong need for experts in electrical engineering, electronics, and materials science. In reply, a distinct MoU was executed among ASMPT, Kaynes Semicon, and Perceptives Solutions to create training programs aimed at universities and academic institutions. These projects will target essential aspects such as OSAT methods, photolithography, VLSI packaging, design, and testing.

ASMPT Limited, Kaynes Semicon Private Limited, and Perceptives Solutions have entered into two Memoranda of Understanding (MoUs) to enhance semiconductor training and knowledge-sharing efforts, with the goal of advancing India’s semiconductor ecosystem.

As global demand for semiconductors increases, India is establishing itself as a significant participant in ATMP (Assembly, Testing, Marking, and Packaging) and OSAT (Outsourced Semiconductor Assembly and Test) services. This change underscores the necessity for a competent labor force. To tackle this issue, Kaynes Semicon, a division of Kaynes Technology India Limited, has collaborated with ASMPT, a prominent international provider of hardware and software solutions. ASMPT will exchange best practices and sophisticated technical insights with engineers at Kaynes Semicon, enhancing local knowledge, increasing operational efficiencies, and reinforcing the supply chain ecosystem.

Raghu Panicker, CEO of Kaynes Semicon, emphasised their commitment to positioning India as a semiconductor leader. “By collaborating with ASMPT, we aim to develop comprehensive training programmes that leverage global expertise to build a robust local ecosystem.”

Joe Poh Tson Cheong, Co-CEO of ASMPT Semiconductor Solutions Segment, highlighted the importance of the collaboration. “India’s talented engineers and our resources will together enable sustainable growth and innovation in the semiconductor industry."