Semiconductor Technicians

IBISWorld estimated that semiconductor and circuit manufacturing industry employment had grown 0.8 percent between 2015 and 2020. However, it had declined 1.7 percent in 2020. The firm anticipated that stagnation would occur in the industry because of competition from Asia and more companies deciding to relocate operations offshore. Falling exports and rising imports were expected to hurt semiconductor companies. Additionally, the coronavirus (COVID-19) pandemic had exacerbated conditions, resulting in trade disruptions that made it more difficult for operators to obtain raw materials.