Semiconductor Monthly | Apr - May '24
MRL Consulting Group - the semiconductor recruitment company
Global recruitment for the Semiconductor and high-technology industries since 1997.
In this month's edition of Semiconductor Monthly:
Ferrari opens Lab with NXP to develop Lithium Battery Cells
Ferrari, an automotive manufacturer renowned for its development of incredible-looking cars, sporting some of the best engines in the industry, has announced a partnership with NXP Semiconductors to develop battery cells for their future fleet of hybrid and fully electric vehicles.
恩智浦半导体 is set to be a partner and supporter of Ferrari’s ambitious aims of converting 60% of their portfolio to become either hybrid or fully electric by 2026, increasing to 80% of their portfolio by 2030. NXP will work directly with Ferarri to develop lithium battery cells from research to production including analysis of solid states, fast charging, thermal charging and enhancing cell safety and performance.
Ferrari is set to release its first fully electric supercar by late 2025, doubling down on Ferarri diversifying its product offering after the release of the company’s first-ever four-door, four-seater Ferarri Purosangue in 2023.?
Ferrari’s history and heritage is cemented in petrol and diesel engines, so the impact of changing 80% of their vehicles to hybrid or fully electric by 2030 could be huge on the company’s customer base. Will we see other luxury automotive manufacturers make this switch? and if so, will they be looking at partnering with semiconductor companies to help develop unique fuel cells? Time will tell…
KYEC Announces Departure from China Amidst Geopolitical Tensions
KYEC, one of the world’s largest semiconductor testing and packaging services firms announced their divestiture in a subsidiary at Suzhou manufacturing hub as part of their efforts to exit from mainland China amidst geopolitical tensions between China and the USA.?
KYEC, based in Taiwan, confirmed their decision was a result of the impact of the United States’ restrictions on China’s national semiconductor industry. These US-imposed tech restrictions aren’t only influencing KYEC’s operations; Foxconn, TSMC and Intel have all expanded production in other markets.
The demand for advanced semiconductors across China isn’t slowing down, so unless they can secure a huge part of the semiconductor supply chain nationally, they might find themselves falling behind when it comes to advancements across electric vehicles, cloud computing and AI Applications.
Embedded World 2024; the Biggest Takeaways from April’s Biggest Convention
Embedded World 2024 lived up to its promises by bringing together experts, innovators, and industry leaders in embedded systems to Nuremberg, Germany. The event was rich in presentations, technical demonstrations, and strategic discussions. Here are some highlights:
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Embedded World 2024 demonstrated the breadth of its impact on the industry with over 600 submitted presentations, a record that underlines the intensity of the innovations presented. Major themes this year included embedded security, seen as an essential product feature for the future. Data security protection and functional safety of embedded systems were major points of interest, highlighted by Dr. Axel Sikora.
The Best Strategies for Navigating the Semiconductor Talent Shortage
The semiconductor sector is one of the most innovative around. But while the rapid pace of its innovation is a positive thing for both industry and consumers, it is causing one major headache for companies: a lack of talent. The?global semiconductor talent shortage?has been well-publicised. First, there was the issue of chip shortages. But now, trapped in the perfect storm of increased demand, an ageing workforce, and cutting-edge technological advancement, companies are finding themselves dangerously short of employees. So, what can businesses do to make sure that their production is not impacted?
Recruitment Strategies for Semiconductor Companies
There are a huge number of skills required within the semiconductor industry, from data analysis and chip design to electronics and engineering. Although these skills are highly specialised, they are not unique to this industry. Meaning that there’s a lot of competition for the available talent. This is becoming increasingly problematic as the evolution of technology is beginning to outstrip the number of individuals available with the relevant skills, knowledge, and experience.
There are six key strategies that semiconductor companies can use to address this.
Upskilling and Training
Regardless of the industry, one of the best ways to retain talent is to offer a comprehensive training programme to existing staff. When you invest in upskilling, you not only ensure that you have the necessary skillset on tap, when it is required. You foster loyalty in your workforce. Helping to ensure that they are there when you need them.
Collaborative Approaches
Collaborative approaches?to training and education are essential if businesses are to access the talent they need. Whether that means educators working more closely with businesses and shaping their curriculum around the needs of industry. or businesses offering more internship opportunities – potentially with government support – for graduates. Businesses can take a more productive approach to ensuring that the skills they need are being produced.
Specialist Recruitment Agencies
Accessing talent isn’t always easy because recruiters don’t always know where to look for it. By working with a specialist recruitment agency, such as?MRL, it becomes easier to reach the best, most qualified candidates, globally. Whether those already working in the industry. Or those with a transferrable skillset suitable for retraining.
Networking and Brand Reputation
Technology and manufacturing businesses used to be more self-contained. The semiconductor industry now holds a series of specialised conferences and events every year. Playing an active role within that scene can help to build brand awareness and make your business more appealing to prospective candidates, allowing you to build relationships with them before they look to apply for a role.
Talent Retention
When there’s a talent shortage in any field, it only makes sense to hold on to the people you’ve got. That means working on company culture, improving working conditions, enhancing benefits, and offering flexible working practices. If you can make your business as appealing as possible, you’ll not only keep the staff you’ve got but attract the best new employees. ?
Where there is a global skills shortage, there can never be a quick fix for recruitment problems. The sector has become highly competitive, and an enticing remuneration package often just isn’t enough. Innovation and strategy are required, with long-term tactics a must.
While you get your house in order, working with a specialist recruitment consultancy can be the quickest and easiest way to access the most promising candidates.
Find out more about working with MRL to resolve your?semiconductor industry recruitment?concerns.?