News Formal

Philippines Semiconductor Industry Faces Critical Skilled Worker Shortage

  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 36 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 59%

Technology News

Semiconductors,Philippines,Workforce Shortage

The Philippine semiconductor industry, despite its significant role in global assembly, testing, and packaging, is hampered by a severe shortage of skilled workers. This talent gap threatens the growth of a sector poised for expansion. Addressing this issue through investment in STEM education is crucial to realize the Philippines' potential in the booming global semiconductor market.

The Philippine semiconductor industry, while a significant player in global assembly, testing, and packaging, faces a critical hurdle: a severe shortage of skilled workers. This talent gap, as highlighted by former Intel executive Glenn Kiro and corroborated by Oxford Economics, is stifling the growth of a sector poised for explosive expansion.

PISA scores paint a stark picture. The Philippines’ dismal ranking in mathematics and science highlights a critical weakness in the nation’s educational system. This is not merely an academic concern; it’s a direct impediment to economic growth. The lack of a robust STEM pipeline means the country is unable to supply the skilled workforce needed to attract and retain semiconductor companies.

The recent triumph of the Technological University of the Philippines in a nationwide contest for integrated circuit and semiconductor designs signals a bright future, showcasing the remarkable talent and potential that exist within the country. Nonetheless, this achievement merely scratches the surface.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bridging the Philippines and Hong Kong's family office industry: A delegate's journeyAS a Filipino delegate to the Hong Kong Academy for Wealth Legacy (HKAWL) Summit for family offices, I was honored to participate in a series of programs demonstrating Hong Kong's role as Asia's premier family office and philanthropy hub.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Vienovo Philippines feedmill plant inauguration: A boost to the country’s agriculture industry and food safetyDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Tech industry leader Ferdie Saputil takes the helm at Searce PhilippinesSearce has appointed Ferdie Saputil as Country Director for Searce Philippines, effective May 27, 2024, to lead cloud and AI-focused business transformations. Saputil brings over 24 years of experience from roles at Google and Microsoft, enhancing Searce’s commitment to expanding in Southeast Asia.
Source: manilabulletin - 🏆 25. / 51 Read more »

E-Games Industry Boasts Projected P250 Billion Business, Generates Billions in Tax Revenue for PhilippinesThe Philippine government stands to gain up to P20 billion in tax collections from the booming e-games industry. Data shows a significant rise in revenue, with P13.3 billion collected in 2023 compared to P8.5 billion in 2022. The industry is projected to reach P250 billion by Pagcor Chairman Alejandro H. Tengco, despite concerns about regulation and the grey market.
Source: BusinessMirror - 🏆 19. / 59 Read more »