 "Tokyo Electron plans to hire 10,000 globally, focusing on India to capitalize on semiconductor growth amidst geopolitical tensions.")
Tokyo Electron Ltd., Japan’s leading chip equipment manufacturer, is planning to hire 10,000 new employees globally over the next five years, with a focus on recruiting engineers in India. This move aligns with the Indian government’s initiative to boost semiconductor manufacturing. The company aims to train local engineers to provide technical support to Tata Electronics, benefiting from India’s push for advanced technology. Despite external pressures on its sales to China, Tokyo Electron expects substantial growth in global chip demand, particularly fueled by advancements in AI and electric vehicles. CEO Toshiki Kawai emphasizes the need for continuous investment in the semiconductor sector, highlighting its importance in the tech landscape.
Tokyo Electron Plans to Hire 10,000 Engineers Worldwide, Expands Focus on India’s Semiconductor Industry
Tokyo Electron Ltd., Japan’s leading chip equipment manufacturer based in Tokyo, has announced an ambitious plan to hire 10,000 employees globally over the next five years. The company aims to strengthen its workforce by building a team of chip engineers in India, aligning with the Indian government’s push under Prime Minister Narendra Modi to enhance semiconductor manufacturing capabilities in the country.
By around 2026, Tokyo Electron will focus on hiring and training local engineers, who will initially provide technical services to Tata Electronics Pvt. Company CEO Toshiki Kawai emphasized that robotics will play a significant role in this initiative, with teams receiving both in-person and remote support from Japan. While the exact number of local hires remains unspecified, this effort is part of a broader strategy to tap into India’s burgeoning electronics Market.
India is becoming an attractive destination for global electronics companies and chipmakers, bolstered by substantial investments from firms like Tata Group and Apple Inc. as they establish semiconductor fabrication plants. The Modi government has created a supportive environment with incentives to attract these ventures, contributing to the growing demand for advanced machinery and technology from leaders like Tokyo Electron.
In recent Market activity, Tokyo Electron’s shares rose by approximately 6% after discounting the effect of its upcoming dividend. The company’s forecast for the business year ending in March anticipates record revenue and operating profit, amid predictions that overall chip demand will double by 2030. This surge is expected to come from sectors like artificial intelligence, autonomous vehicles, and energy-efficient technologies.
Despite challenges such as the U.S. imposing stricter export controls on advanced chipmaking equipment to China, Kawai remains optimistic. He stated that “the importance of semiconductors remains unchanged,” indicating that Tokyo Electron will continue to seek growth opportunities worldwide, including in India.
As Tokyo Electron prepares for this expansion, it will also aid Tata Electronics in workforce training and support research and development initiatives. The company is set to make significant investments in India, where government approval for semiconductor investments has already exceeded $15 billion.
In summary, as Tokyo Electron embarks on its journey of hiring and transforming the semiconductor landscape in India, it aims to play a pivotal role in the global chip manufacturing ecosystem.
Tags: Tokyo Electron, semiconductor industry, India, chip engineers, Tata Electronics, Modi government, technology investments, artificial intelligence
What is Tokyo Electron planning to do in India?
Tokyo Electron is preparing to expand its operations in India, focusing on semiconductor manufacturing.
Why is the Indian government interested in attracting chipmakers?
The Indian government wants to boost its tech industry and reduce dependence on foreign semiconductor suppliers.
How will this expansion affect the Indian economy?
This move is expected to create jobs, attract investments, and help develop India’s tech capabilities.
What is a semiconductor?
A semiconductor is a material that can conduct electricity under certain conditions, and it is essential for making electronic devices like smartphones and computers.
What other companies are looking to invest in India’s chip industry?
Many global companies are interested in India’s chip industry, but specifics vary as the industry is rapidly evolving.
