Industry: Semiconductor Industry

industry: In the latest move, the US government banned US companies from supplying key components, including chipsets, to Chinese telecom company Huawei, prompting renewed calls for speeding up the development of the domestic semiconductor industry, according to Global Times China. A talent shortage is one of the most pressing issues for the development of the semiconductor industry in China, and it's a problem that cannot be solved overnight, said Liu Kun, a veteran analyst in the semiconductor industry in Beijing, told the Global Times on Monday. Chinese analysts on Monday called for more targeted efforts in building a talent pool for the country's semiconductor industry, as US officials continue to tighten their grip on chip exports to China in an apparent bid to contain the nation's technological rise. If we don't take long-term measures to solve the issue, then we will never be self-sufficient. The massive talent shortage is the result of a combination of factors such as China's weak industry chain, high costs and relatively low rewards, according to industry insiders and analysts. There are only 400,000 semiconductor professionals in China, which needs more than 720,000 by 2020, leading to a gap of 320,000 in the talent pool, according to an industry white paper released last year by research firm CCIDC Consulting. (news.financializer.com). As reported in the news.