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China’s chip industry heating up, talent salaries tripled: 1.2 million to recruit 400,000 level of people in previous years

According to CCTV reports, with the rapid development of China’s domestic chip industry, the chip industry is getting hotter, but the corresponding lack of talent phenomenon is also becoming increasingly prominent, high salaries to dig people become the industry norm.

Shenzhen, a microelectronics company chairman said, they used to recruit a talent, assuming that 400,000, now they have to 1.2 million to recruit people they think have the same ability, so the whole industry has doubled three to five times are possible.

According to the China Semiconductor Association, the shortage of chip professionals in China will exceed 250,000 in 2022, and by 2025, the gap will expand to 300,000.

In addition, the size of China’s IC-related graduates in 2020 is about 210,000, accounting for about 2.30% of the total number of graduates. And in this 210,000 students only 13.77% of graduates engaged in IC-related work after graduation, the number of less than 30,000 people, the domestic universities to train the chip talent can be described as young and yellow.

TSMC routinely raises salaries every year in April, after news that TSMC will raise salaries by 8% this year, an increase higher than the 3% to 5% level in previous years. In this regard, TSMC chairman Liu Deyin said that this year’s adjustment “everyone will be very happy”.

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