&w=3840&q=100)
Geopolitical tensions to slow FY25 semiconductor design GCCs hiring: Report
India's semiconductor design Global Capability Centers (GCCs) witnessed a 15 per cent decline in job openings in 2024-25, mainly due to ongoing geopolitical uncertainties and global supply chain disruptions, according to a report.
The report by talent solutions provider Careernet revealed open positions peaked in May 2024 with 3,760 jobs before gradually tapering off to 3,040 by January 2025 and closing the year at 3,181 in March 2025.
This reflects a measured slowdown of nearly 15 per cent year-on-year decline in active roles across India's top 50 semiconductor design GCCs.
Despite this moderation, the overall demand for niche skills in VLSI (Very Large Scale Integration), embedded systems, and RF/analogue design remained resilient, with mid-sized GCCs demonstrating greater hiring agility, it added.
Semiconductor design is a niche area with inherently less headcount compared to other tech functions, so fluctuations in hiring sentiment - especially from two or three major industry players - can significantly influence the overall semiconductor design job market.
"The semiconductor design GCCs in India have experienced a relatively sluggish trend in new job openings over the past few quarters. This cautious hiring environment is largely driven by ongoing geopolitical uncertainties, global supply chain disruptions, and volatility in valuations within key technology areas, such as artificial intelligence and advanced computing," Careernet CBO Neelabh Shukla told PTI.
The report is based on an analysis of job openings in India's top 50 semiconductor design GCCs in 2023-24 and 2024-25.
Meanwhile, the report revealed that the intellectual property (IP) design sub-sector focusing on developing specialised chip components and reusable design blocks continued to demonstrate strong demand, with a significant number of open positions.
"Despite these short-term fluctuations, we remain optimistic about the medium to long-term outlook. Increased global focus on semiconductor supply chain resilience, combined with strategic Indian government initiatives to boost domestic semiconductor manufacturing and design capabilities in India, is expected to catalyse a more robust growth trajectory for semiconductor design jobs in the coming years," Shukla added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
18 minutes ago
- Time of India
Vijay Mallya claims Pranab Mukherjee told him to keep flying despite crisis in Kingfisher cabin
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Fugitive businessman Vijay Mallya has laid bare a dramatic accusation against former Finance Minister Pranab Mukherjee , claiming that his request to downsize Kingfisher Airlines during the 2008 global financial crisis was firmly denied, with Mukherjee assuring him that the banks would keep the airline a podcast interview with Raj Shamani, Mallya traced the roots of Kingfisher Airlines' fall, pointing fingers at decisions made at the highest corridors of power. 'I went to Shri Pranab Mukherjee... and said I have a problem. Kingfisher Airlines needs to downsize, cut the number of aircraft, and lay off employees, as I can't afford to operate under these depressed economic circumstances,' Mallya recounted. 'I was told not to downsize. You continue, banks will support you. That is how it all started.'For Mallya, the 2008 global financial meltdown was the pivotal blow. 'So agreed then it worked in your favour till 2008. What happened then? Simple. You ever heard of Lehman Brothers? You ever heard of the global financial crisis, right? Did it not impact India? Of course, it did,' he said. The crisis, he explained, was relentless, striking every sector, drying up capital, and dragging down the Indian rupee, deepening Kingfisher's financial Airlines had soared high since its 2005 launch, celebrated as a luxury carrier. But the refusal to allow the airline to shrink forced it to fly beyond its means, ultimately grounding all flights amid mounting the podcast, Mallya also confronted the controversy over his financial liabilities. He claimed to have made four settlement offers to the banks, all rejected despite his clear intent to repay. He slammed the banks for a veil of secrecy, claiming that he never received a formal statement of accounts despite sending 15 reminders. 'The total debt of Rs 14,131.6 crore was only revealed through a finance minister's statement in Parliament,' he revealed, questioning the transparency and accuracy of the debt his stance, Mallya cited a Debt Recovery Tribunal certificate to dispute media reports claiming a Rs 9,000 crore debt, insisting the official figure is Rs 6,200 crore. Challenging his vilification as a 'chor' (thief), he asserted that he has repaid more than owed. 'I am prepared to stand trial, not for wrongdoing, but for alleged bad intentions,' he his 'fugitive' label, Mallya admitted it was 'fair' to call him that for not returning to India after March 2016, but stressed he left on a pre-scheduled visit and did not 'run away.' 'If you want to call me a fugitive, go ahead, but where is the 'chor' coming from… where is the 'chori'?' he this year, Mallya informed the Karnataka High Court that the Rs 6,200 crore debt owed to Indian banks has been 'recovered multiple times over,' requesting a detailed account of sums recovered from him, United Breweries Holdings Limited (now in liquidation), and others linked to the 2016, Mallya has remained in the United Kingdom, locked in a legal battle against extradition to India on fraud and money laundering charges related to Kingfisher's massive bank loans.
Mint
19 minutes ago
- Mint
RBI slashes interest rates, cuts reserve ratio to boost growth
Mumbai, Jun 6 (PTI) The Reserve Bank of India (RBI) cut interest rates by more than expected 50 basis points on Friday, a third consecutive reduction, and unexpectedly reduced the cash reserve ratio for banks to provide a major liquidity fillip to support the economy amid geopolitial and tariff headwinds. The RBI's six-member monetary policy committee, headed by Governor Sanjay Malhotra and consisting of three external members, voted five to one to lower the benchmark repurchase or repo rate by 50 basis points to 5.5 per cent. It also cut the cash reserve ratio by 100 basis points to 3 per cent, adding ₹ 2.5 lakh crore to already surplus liquidity in the banking system. With the latest reduction, RBI has now cut interest rates by a total of 100 basis points in 2025, starting with a quarter-point reduction in February - the first cut since May 2020 - and another similar-sized cut in April. The central bank, at the same time, changed its monetary policy stance to "neutral" from accommodative, with Malhotra saying further action will depend on incoming data. Giving rationale for the decision, the RBI Governor said inflation or price rise has softened significantly over the last six months from above the tolerance band in October 2024 to well below the target, with signs of a broad-based moderation. Growth, on the other hand, remains lower than aspiration amid a challenging global environment and heightened uncertainty. "Thus, it is imperative to continue to stimulate domestic private consumption and investment through policy levers to step up the growth momentum," he said. "This changed growth-inflation dynamics calls for not only continuing with the policy easing but also frontloading the rate cuts to support growth." The rate cut comes as the Indian economy slowed to a four-year low of 6.5 per cent in the fiscal year that ended March. RBI projected the economy to grow by the same measure in the current financial year that started on April 1 as rising trade tensions following US President Donald Trump's tariff policies provide headwind. The central bank lowered its inflation projection to 3.7 per cent for 2025-26 from 4 per cent earlier. "While price stability is a necessary condition, it is of course not sufficient to ensure growth," he said. Malhotra said the RBI remains committed to provide sufficient liquidity to the banking system. The 100 basis point cut in cash reserve ratio (CRR) will be carried out in four equal tranches of 25 bps each with effect from the fortnights beginning September 6, October 4, November 1 and November 29, 2025. "The cut in CRR would release primary liquidity of about ₹ 2.5 lakh crore to the banking system by December 2025. Besides providing durable liquidity, it will reduce the cost of funding of the banks, thereby helping in monetary policy transmission to the credit market," he said. Strong macroeconomic fundamentals and a benign inflation outlook provide space for monetary policy to support growth, while remaining consistent with the goal of price stability, he said. "As global environment remains uncertain, it has become even more important to focus on domestic growth amidst sustained price stability. Accordingly, today's monetary policy actions should be seen as a step towards propelling growth to a higher aspirational trajectory." He hastened to add that there was "no tussle" between price stability and growth in the medium and long term. "Price stability preserves purchasing power, imparts certainty to households and businesses in their savings and investment decisions and ensures congenial interest rates and financial conditions, all of which foster consumption, investment and overall activity. Moreover, it is crucial for equitable growth and shared prosperity because its absence is disproportionately burdensome on the poor." While price stability is a necessary condition, it is not sufficient to ensure growth, he said. "A supportive policy environment is vital. This is even more important during periods of high uncertainties such as the current times." At the RBI, while price stability remains the focus of monetary policy, it is not oblivious to putting in place complementary monetary and credit policies and regulations that support growth and prosperity, he added.
Economic Times
20 minutes ago
- Economic Times
Cochin Shipyard shares rally over 8% on NATO defence push, stock up 32% in 4 days
Cochin Shipyard surged 8.4% on Friday, extending its 32.4% rally in four sessions, driven by rising defence spending sentiment after NATO's call for higher budgets. The stock has gained over 1,400% in three years. Despite strong momentum and robust Q4 earnings, analysts remain cautious, with a consensus 'Hold' rating and a 47% downside from current levels. Tired of too many ads? Remove Ads Cochin Shipyard's Rising Momentum Tired of too many ads? Remove Ads Q4 Earnings Snapshot Shares of Cochin Shipyard climbed as much as 8.4% on Friday to Rs 2,547.25 on BSE, extending a sharp rally in defence-linked stocks after a call by the U.S. for NATO members to significantly raise their defence spending. The stock has now gained 32.4% over four trading sessions, fueled by rising investor bets on India's naval build-up and the company's strong order book latest boost in defence stocks came after NATO Secretary General Mark Rutte on Wednesday proposed that member states raise their defence spending to 3.5% of GDP. Although India is not a NATO member, it maintains bilateral defence and strategic ties with several NATO nations, including the U.S., France, and the U.K., raising expectations that Indian defence companies could indirectly benefit from increased demand for equipment and support Defence Minister Ruben Brekelmans stated, 'We should spend at least 3.5% on defense, which in the Netherlands means an additional 16 to 19 billion euros (USD 18–22 billion) on top of our current budget.' NATO members are required to meet confidential "capability targets" across areas such as air defence systems, long-range missiles, drones, and Shipyard, India's largest public sector shipbuilder and a key supplier to the Indian Navy and Coast Guard, has delivered a staggering 737% return over the last two years. A constituent of the Nifty Midcap 150 index, the stock has surged 94.4% in the past three months and 24.4% in the past one month. Over a three-year period, the stock has returned 1,403%.During Friday's session, trading volumes surged alongside the price rally. Cochin Shipyard is now trading above all key moving averages — 5-day, 10-day, 20-day, 50-day, and 200-day SMAs — underscoring the strength of the uptrend. Technical indicators further highlight bullish sentiment: the Relative Strength Index (RSI) stands at 78.2 (overbought territory), while the MACD at 150.9 remains above the signal company recently posted a 10.8% year-on-year rise in net profit to Rs 287 crore for the March quarter, while revenue increased 37% to Rs 1,758 crore. However, EBITDA declined 7.6% to Rs 266 crore and margins contracted sharply by 730 basis points to 15.10%, compared with 22.40% in the same quarter last Shipyard maintains a robust financial structure, with a Debt-to-Equity ratio of just 0.01 as of March 2025, marginally higher than 0.00 a year strong price momentum, analysts remain cautious. According to Trendlyne, the average target price for the stock is Rs 1,349, implying a potential downside of 47% from current levels. Of the three analysts tracking the stock, the consensus rating is 'Hold'.
