Skilled labor shortage in the semiconductor industry - How does it affect the financial markets?

Skilled labor shortage in the semiconductor industry - How does it affect the financial markets?

According to a report by www.tagesspiegel.de, an unpublished study by the German Economic Institute (IW) shows that the skills gap in the semiconductor industry has increased sharply. Compared to the previous year, the gap has increased by 30 percent, from around 62,000 to over 82,000. Both academic and training occupations are affected.

This development could have a significant impact on the market and the financial industry. The increasing shortage of skilled workers in the semiconductor industry could jeopardize the successful establishment of new chip factories and the expansion of existing locations, as study author Sabine Köhne-Finster emphasizes. It is expected that the need for qualified workers will not be able to be met by young people from training and studies in the foreseeable future.

The planned factories of Intel in Magdeburg and TSMC in Dresden could face challenges due to the shortage of skilled workers. The remaining 30 percent of jobs that require experts in complex tasks could affect the productivity and economic development of companies in the semiconductor industry.

It is therefore essential that politicians and companies make further efforts to simplify the immigration and recruitment process. Otherwise, the shortage of skilled workers could have a negative impact on the semiconductor industry's ability to innovate and grow. This in turn would have consequences for the entire technology industry and the financial market, as investments in the semiconductor industry could be affected.