All data are based on the daily closing price as of July 26, 2024

Powerchip Tackles Engineer Shortage Amid Expansion into Japan

PSMC's new plant initiative in Japan faces talent acquisition hurdles, explores international recruitment and training programs
Taiwan
p 6770.TW Mid and Small Cap 2000 Semicon 75 Tech 350
Share this on

Taiwan’s Powerchip Semiconductor Manufacturing Corp. (PSMC) is confronting a significant challenge as it gears up to establish a new manufacturing facility in Japan: a pressing shortage of engineers. The company, ranking as the third-largest contract chipmaker in Taiwan and sixth globally, is venturing into an 800 billion yen ($5.3 billion) joint venture with SBI Holdings, aiming to commence production by 2027. The growing influx of global chipmakers into Japan is intensifying the competition for skilled talent, making the recruitment of qualified engineers a pivotal concern for PSMC.

The corporation’s strategy to mitigate this issue includes transferring over 200 engineers from Taiwan and enhancing the skills of young Japanese engineers through extensive training programs in Taiwan. Furthermore, PSMC is contemplating innovative long-term solutions, such as establishing educational partnerships with industry, academic institutions, and government entities to cultivate a new generation of semiconductor professionals. The initiative reflects a broader industry movement toward bolstering Japan’s semiconductor sector, amidst escalating geopolitical tensions and the strategic imperative for localized chip production. PSMC’s proactive approach in workforce development and cross-border collaboration underscores its commitment to overcoming the talent crunch and advancing its technological footprint in the global semiconductor landscape.

Share this on
Jakota Newsletter

Stay ahead in the JAKOTA stock markets with our roundup of vital insights

Icon scroll to top