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Highlights of the week:
For more career opportunities from various industries, please access Career
Axis.
Dear
Students, Semiconductors
continue to play a critical role in an increasingly connected world. These
tiny chips are often regarded as the brains behind modern tech with how they
continue to fuel the innovation needed to operate modern-day digital
infrastructure across key sectors like telecommunications, healthcare
and national defence. Advancements
in IoT and AI continue to fuel the demand for leading-edge semiconductors,
further outlining its importance in shaping the future. Yet, a combination of
supply chain issues and talent shortages threaten to undermine this sector.
Rising geopolitical tensions
and rising inflation and interest rates have been adding to the complexity of
these current issues. This year marks a
monumental milestone of 55 years for Singapore's semiconductor industry.
Singapore’s semiconductor industry took root in 1968, at the humble premises
of the Singapore Institute of Standards and Industrial Research (SISIR), an
EDB-owned training facility in River Valley. Since then, the semiconductor
industry in Singapore has grown. Today, it is a thriving and robust sector that
contributes nearly a quarter of Singapore's total manufacturing output. Singapore also accounts for approximately 11 percent of the
global semiconductor market share, and about one-fifth of the global
semiconductor equipment is manufactured here. Most importantly, over the
past 5 years, including the pandemic period, our industry has continued to
grow and remain resilient. Despite existing
headwinds, the outlook for the semiconductor industry continues to be a beacon of
light for the global economy given the acceleration of emerging
technology. The industry is still on target to hit the US$1trillion
mark by 2030 globally. The manufacturing sector constitutes a quarter
of Singapore’s GDP and is an integral economic engine for Singapore. The
sector is made up of companies with key activities in semiconductors,
consumer electronics and information technology. Talent risk is seen as the biggest issue
facing the semiconductor industry over the next three years. Talent
development and retention remains the top strategic priority for industry
leaders in the semiconductor industry. SSIA
has been working with academic institutions to attract and cultivate youth
talent to the semiconductor industry. Some of the new key initiatives that
have been mooted since last year is the IC Design Summer Camp and the
Semiconductor Active Youth (SAY) Program that was launched in January this
year. Do follow SSIA on our social platforms in
order to be attuned to the happenings. Upcoming activities
which SSIA will be organizing in the coming months: 1. IC Design Summer Camp – 19 July 2023 to 21 July 2023 2. SAY Ambassador program activities – July to Dec 2023 3. Semiconductor Awareness week – Aug to Oct 2023 (that will
commence in NTU. Do look out for more information nearer to date) 4. WorldSkills ASEAN 2023 – 23 July 2023 to 25 July 2023 I hope future talents, like yourself, will consider joining this
vibrant industry. More information about the semiconductor industry and SSIA
can be found on these links. §
Why
You Should Still Consider a Career in the Semiconductor Sector |
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