Synopsys and SEMI Foundation Collaborate to Enhance Semiconductor Workforce Development

Synopsys and SEMI Foundation Team Up for Semiconductor Workforce Development

On February 18, 2025, Synopsys, Inc. (Nasdaq: SNPS) and the SEMI Foundation signed a Memorandum of Understanding (MoU) to advance workforce development initiatives within the semiconductor chip design sector. Hosted at Synopsys' headquarters in Sunnyvale, California, this significant partnership aims to address the pressing talent shortages in the semiconductor industry, projected to require over one million new jobs by 2030.

This collaboration comes at a crucial time, as the semiconductor sector is facing a dire need for skilled professionals. According to industry insights, around 100,000 jobs will need to be filled each year to keep pace with technological advancements and growing market demands. Both organizations realize that fostering high-quality workforce development programs will be essential in bridging the talent gap and ensuring a steady inflow of skilled innovators into the industry.

The partnership between Synopsys and SEMI Foundation will focus on establishing collaborative educational programs in conjunction with academic institutions and industry experts. These initiatives aim to enhance the capabilities of professionals within the semiconductor sector by creating specialized training models that cater to students in K-12 environments, higher education, and military personnel transitioning to civilian careers.

Synopsys has a robust history of contributing to workforce development efforts globally through its Synopsys Academic Research Alliances (SARA) program. This program empowers future semiconductor professionals by granting them access to cutting-edge technologies and resources, as well as fostering shared objectives with universities to cultivate a diverse workforce equipped to tackle the challenges of tomorrow's technology.

In a statement, Katy Crist, Director of Workforce Development at Synopsys and Board Member of the SEMI Foundation, emphasized the importance of this partnership. "I have been honored to be part of the SEMI Foundation Board of Trustees for over five years. This collaboration stands as a cornerstone towards achieving a skilled and diverse workforce in the microelectronics sector. By pooling our resources and expertise, we are set to make a real impact on the industry's ability to attract and develop talent."

Shari Liss, Vice President of Global Workforce Development Initiatives at SEMI, added, "Workforce development is crucial for the ongoing growth and innovation of the semiconductor industry. Our partnership with Synopsys is designed to not only engage but also inspire the next generation of tech talent, both in the U.S. and globally. Starting in 2025, we will roll out programs aimed at empowering students, educators, and military veterans with the skills demanded in the chip design sector."

The scope of this collaboration is expected to encompass various development areas including education and training, ultimately enabling semiconductor companies to attract, develop, and advance a skilled and diverse workforce.

Together, Synopsys and the SEMI Foundation are poised to enhance the semiconductor industry landscape, ensuring it has access to the talent necessary to support its rapid pace of innovation and growth. As they forge ahead with this strategic alliance, both organizations exhibit a strong commitment to creating sustainable employment opportunities and addressing the impending talent shortage in the microelectronics field.

For more information on Synopsys's initiatives and the SEMI Foundation’s programs, visit their respective websites. Stay informed about upcoming developments and opportunities as they unfold in this pivotal sector.