Semiconductor Industry and Apprenticeships in India

India is currently experiencing a semiconductor boom, with the government investing heavily in the sector in an effort to boost domestic production.

The Indian semiconductor market is expected to reach USD 55 Billion by 2026, growing at a CAGR of 20% during the period 2022-2026. This has led to a growing demand for skilled semiconductor workers, and apprenticeships are seen as a way to help meet this demand.

Apprenticeships offer a number of benefits for both employers and apprentices. For employers, apprenticeships provide a way to train new workers on the job, while also getting them to work on real projects. This can be a valuable way to build up a skilled workforce, especially in a sector like semiconductors where there is a shortage of talent. During an interaction with Vidushi, Sumit Kumar, Chief Business Officer, TeamLease Degree Apprenticeship discussed the ways to build up a valuable skilled workforce and the skills required by them.

How is the Indian semiconductor market expected to grow by 2026, and what role is the government playing in this growth?