taiwan seeks US cooperation to safeguard semiconductor talent
Taipei, Wednesday, 25 December 2024.
Amid concerns over U.S. efforts to attract semiconductor talent from Taiwan, the Taiwanese government is advocating for collaborative efforts with U.S. companies. This initiative aims to create a mutually beneficial framework that strengthens the semiconductor industry and reinforces geopolitical alliances. With the U.S. semiconductor sector facing a significant talent shortage, estimated at over 3,500 engineers, the push for collaboration comes at a crucial time. Taiwan’s emphasis on cooperation highlights the importance of maintaining a robust talent pool to support the industry’s growth and stability.
Taiwan’s strategic response to talent concerns
Taiwan’s move comes as U.S. think tanks recommend recruiting semiconductor engineers from Taiwan and South Korea to fill a critical shortage of over 3,500 positions in the American semiconductor sector [1]. The talent gap has become particularly pressing as the U.S. CHIPS Act drives expansion of domestic semiconductor manufacturing, with projections indicating a need for approximately 27,000 new employees for semiconductor fabrication plants [1][2].
Market implications and industry dynamics
The semiconductor industry faces unprecedented growth challenges, with global market value projected to reach US$1 trillion by 2030 [4]. TSMC, Taiwan’s leading semiconductor manufacturer, produces over 60% of the world’s semiconductors and 90% of the most advanced chips [2]. This dominance makes talent retention crucial for maintaining Taiwan’s competitive edge in the global market [2].
Collaborative framework proposal
Rather than viewing talent migration as a zero-sum game, Taiwan is proposing structured collaboration programs with U.S. companies [1]. This approach aims to facilitate knowledge exchange while protecting Taiwan’s semiconductor expertise [1]. The initiative comes as the global semiconductor industry grapples with a projected need for over one million additional skilled workers worldwide by 2030 [2].
Investment in talent development
Both Taiwan and the U.S. are increasing investments in semiconductor workforce development. The U.S. CHIPS Act allocates US$13.2 billion for research and workforce training [4]. Meanwhile, Taiwan is strengthening its talent pipeline through enhanced university programs and industry partnerships [2]. This dual investment approach aims to create a sustainable talent ecosystem benefiting both nations [4].