By the end of the decade, the need for engineers will reach 35,000 people.
Edition Financial Times makes it clear that the expression “get up off your knees” is also relevant for the Japanese semiconductor industry, since now it is not in the best shape. At the end of the 1980s, it was Japanese companies that controlled more than half of the semiconductor components market, but the conflict of interest with the United States gradually pushed Japanese market players to Asia, and a series of economic crises further aggravated the situation.
Image Source: TSMC
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Between 2010 and 2021, the Japanese labor market lost about 140,000 engineering professionals aged 25 to 44 who could have worked in the electronics industry. Now the country’s authorities and Japanese corporations are trying to increase investment in the national semiconductor industry, but without personnel replenishment, these attempts will be doomed to failure. According to market participants, by the end of the decade, Japanese companies will need at least 35,000 engineers, and if drastic measures are not taken in the second half of the decade, then Japan will miss its last chance to maintain a strong position in the electronics market.