USA Tech Market in review – Will 2023 Top 2022?

“It was a quarter dominated by flux,” says Simon Troupe, Business Director, of Q4, 2022. Despite the fact that global semiconductor sales growth slowed during the second half of 2022, and revenue from the industry is forecast to total $596 billion in 2023, down from the previous forecast of $623 billion, there are still “jobs everywhere.” A July 2022 survey of senior semiconductor executives indicated that 70% are still anticipating higher than expected profitability over the next two years.

Since the federal tax credit was launched, there have been over a dozen announcements from foreign automakers investing in EV production in the US. Jobs in electric vehicles continued to grow in Q4 2022, with predictions that the industry will need to fill 10 million jobs globally by 2030Battery companies also remain hungry for talent to meet the demand they're seeing from electric vehicle automakers.

“There are still shortages of qualified candidates across the market,” Troupe says. Just in the United States, it is predicted that 50,000 new semiconductor engineers will be needed over the next five years to keep up demand. If candidates are flexible in terms of location, he says, they will be able to find the right opportunities. Hotspots in the US like Illinois, Minnesota, Detroit, Texas and Florida, have extensive roles for tech talent in semiconductor and automotive industries, with multiple newly built factories and research labs planned to be built from help by the subsidies from the Chips and Science Act.

This investment, coupled with global supply chain issues and strict visa laws in the US have meant that talent shortages have not been eased by immigration. Engineers in the US generally have continued to enjoy unemployment rates well below those of other college graduates,, alongside competitive salaries and benefits.

The average semiconductor engineer salary is $114,473 in the US, with a range typically between $103,500 and $128,306. Salaries for experienced battery engineers can range from $100,000 US to up to $170,000 US.

Troupe remains optimistic about the market in the US, with sister company USA Tech Recruitment, expanding its presence across the US tech market.

“As a business, we have continued to grow at a consistent pace, and continue to do so in 2023.”

Take a look at some of our current live jobs in the US, Mexico and Canada. To find out more about job opportunities in the US, visit USA Tech Recruitment.

Head of Research And Development

  • Monterrey, Nuevo León, Mexico On-site

Director

  • San Diego, CA On-site

DfT engineer

  • United States Remote

Graphics / Rendering Engineer

  • European Union Remote

Senior ASIC/FPGA Designer

  • Ottawa, ON On-site

Senior FPGA Designer

  • Montreal, QC On-site

Senior ASIC/FPGA Designer

  • Montreal, QC On-site

Supply Chain Manager

  • Bellevue, WA On-site

Supply Chain Manager

  • Seattle, WA On-site

Quality Engineer

  • California, United StatesHybrid

Technical Design Lead

  • San Diego, CA On-site

DFT Engineer

  • United States Remote

Yield Engineer

  • California, United States Hybrid

UVM Verification Engineer

  • United States Remote

Senior Accountant

  • Chicago, IL On-site

Senior Project Engineer - Medical Devices

  • California, United States On-site

DFT Engineer

  • United States Remote

Application Engineer

  • San Diego, CA On-site

Analog Design Engineer

  • San Diego, CA Hybrid

Senior DFT Engineer

  • United States Remote

Analog / RF Layout Engineer

  • California, United States Hybrid

Senior Design Verification Engineer

  • United States Remote

Senior Project Engineer - Medical Devices

  • Boston, MA On-site

Senior Design Verification Engineer

  • United States Remote

Senior Design Verification Engineer

  • United States Remote

Design Verification Engineer

  • United States Remote

Failure Analysis Engineer

  • Detroit, MI On-site

Controls Engineer

  • Cambridge, MA On-site

Senior Design Verification Engineer

  • United States Remote

Graphics Engineer

  • San Diego Metropolitan Area Hybrid

Embedded Software Engineer

  • Colorado Springs, CO On-site

Senior Design Verification Engineer

  • Austin, TX Hybrid

Senior Film Process Engineer

  • Manchester, NH On-site

Product Engineer

  • San Diego, CA On-site

(Senior) Verification Engineer

  • United States Remote

Electrical Systems Integration Engineer

  • Romulus, MI Hybrid

Design Verification Engineer

  • United States Remote

Senior Microcontroller Product Engineer

  • Mesa, AZ On-site

Senior Project Engineer

  • Lake Forest, CA On-site

Senior Product Engineer

  • Chandler, AZ On-site

Senior Product Engineer

  • Chandler, AZ On-site

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