And the domestic education system is still lagging behind the requirements of the market.
The aggravation of US sanctions against the Chinese semiconductor sector will only further increase the shortage of personnel in the industry, since it will become much more difficult for Chinese companies to fill vacancies at the expense of foreign specialists. According to Reuters, citing data from a study conducted by Chinese experts, this year the national industry will need about 200,000 qualified specialists.
Image Source: Reuters
At the same time, the education system in China will have to be reoriented towards instilling in students skills that are more suitable for work in practice, since now up to 60% of graduates have no internship experience by the time they receive their diplomas. In neighboring Taiwan, however, a student can spend only six months in a classroom during three years of study, and the rest of the time he spends on gaining practical work experience.
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The shortage of specialists in the semiconductor industry has already led to a doubling of starting salaries in China. A young professional can count on an annual income of more than $55,000. The attractiveness of such a job has already given rise to many retraining courses in various kinds of private educational institutions in China. University graduates who have received education in other areas are striving to change their qualifications in order to join the ranks of employees of semiconductor companies in a short time. At the same time, it is necessary to change the system of higher education in China, as experts admit. Now the teaching staff is more interested in publishing scientific papers than in instilling real practical skills in students, and this remains a serious problem in the system of training.