Core Insights - The semiconductor industry is facing a severe labor imbalance, with a projected shortage of approximately 1 million skilled workers globally by 2030, including engineers and mid-to-senior management roles [1][3] - The decline in students choosing semiconductor-related engineering disciplines is a significant factor contributing to the talent shortage [2][3] Labor Shortage - By 2030, the U.S. semiconductor industry is expected to face a shortage of 67,000 workers, while Europe may see a shortfall of over 100,000 engineers, and the Asia-Pacific region could exceed 200,000 [1][2] - The aging workforce is exacerbating the talent gap, with one-third of semiconductor professionals in the U.S. and Germany being 55 years or older [2] Industry Growth - The semiconductor industry's sales are projected to reach $627.6 billion in 2024, representing a 19.1% increase from the previous year, driven by advancements in AI, 5G, automotive demand, and steady growth in consumer electronics [3] - Approximately 19% of industry executives anticipate continued growth over the next four years, with a low likelihood of oversupply [3] Recruitment Strategies - To address the talent shortage, about 73% of companies are shifting to skills-based hiring rather than relying solely on educational background or industry experience [3] - Companies are also improving salary packages, work-life balance, and career development opportunities to attract talent [3] Government Initiatives - The U.S. has launched the "Talent Partnership Alliance" with a budget of $5 billion to train skilled workers for the semiconductor industry [3] - In China, the talent gap in the semiconductor sector is expected to exceed 300,000 by 2025, with Shanghai alone facing a shortfall of around 100,000 [3][5] Educational Support - Various initiatives have been established in China to support semiconductor talent development, including the establishment of integrated circuit talent training bases and collaborative educational programs [4][5] - The focus is on enhancing internal talent cultivation and external recruitment, with an emphasis on collaboration between universities and enterprises [5]

Core Viewpoint - The SEMICON China 2025 event is set to take place in Shanghai, showcasing the growth and significance of the semiconductor industry, with expectations of substantial market recovery and growth in the coming years [1][2]. Group 1: Event Overview - SEMICON China 2025 will open on March 26 at the Shanghai New International Expo Center, featuring an exhibition area of 100,000 square meters, 1,400 exhibitors, and 5,000 booths [1][6]. - The event aims to facilitate product displays, technical exchanges, and trade cooperation across the entire semiconductor industry chain, which includes design, manufacturing, packaging, equipment, materials, photovoltaics, and displays [1][6]. Group 2: Market Growth Projections - Despite a downturn in the semiconductor market in 2023, a recovery is expected in 2024, with global semiconductor industry growth projected to exceed double digits by 2025, reaching a market size of $1 trillion by 2030, with a CAGR of 10% from 2023 to 2030 [2]. - The Chinese wafer fabrication equipment (WFE) market is anticipated to reach $101 billion in 2024 and grow to approximately $108 billion in 2025, with a further acceleration to $122.6 billion by 2026 [2]. Group 3: Segment Insights - In 2024, spending on foundry and logic equipment is expected to remain stable, while DRAM equipment spending is projected to surge by 35% to $19 billion, with a further 10% increase to $21 billion in 2025 due to capacity expansion and HBM investments [3]. - NAND equipment sales are expected to remain weak in 2024 but are forecasted to grow significantly by 48% to $14 billion in 2025 [3]. Group 4: Talent and Sustainability Initiatives - The semiconductor industry faces a talent shortage, and SEMI China is actively promoting talent attraction and retention through initiatives like the SEMI U learning platform, aimed at bridging the talent gap in the global semiconductor industry [3]. - SEMI is also committed to sustainability, with initiatives like the SEMI Forest project, which has planted over 120,000 trees globally, contributing significantly to environmental responsibility [4].