Published On: February 13, 2022

Photo by Clem Onojeghuo on Unsplash The key factors to gauge the impact of any industry are by capturing: economic activity and employment generation. These two factors also apply to the semiconductor industry and are evident from year-on-year impact and growth. The economic impact is dependent on job creation. Thus, it is critical to understand what type (channels) of jobs the semiconductor industry creates. Economic Impact: Close $7 Trillion global economic contribution by the semiconductor industry, and primary factor is growing increase of semiconductors in day to day products. Employment Impact: In the US alone, the employment impact is close to 2 million, not accounting for several other semiconductor-dependent industries. Direct and indirect employment generation are the two primary ways the semiconductor industry drives employment. Direct employment is focused on skills