Semiconductor Surge: Unlocking Unprecedented Economic Development Potential for Bangladesh

Ashik Abdullah; Sadia Islam Promi; Humayra Tasnim Prova; Sarder Ali Haider

doi:10.59890/ijsss.v2i3.1431

Authors

Ashik Abdullah Bangladesh University of Professionals
Sadia Islam Promi Bangladesh University of Professionals
Humayra Tasnim Prova Bangladesh University of Professionals
Sarder Ali Haider Bangladesh University of Professionals

DOI:

https://doi.org/10.59890/ijsss.v2i3.1431

Keywords:

Innovation, Semiconductor Industry, Economic Growth, Infrastructural Development, Regional Innovation Systems (RIS)

Abstract

This article explores the burgeoning semiconductor industry in Bangladesh, a sector poised to significantly influence the country's economic landscape amidst global technological shifts. By engaging with a wide array of stakeholders, including professionals, government officials, and academics from both local and international contexts, this study employs a comprehensive methodology. It incorporates expert interviews from the USA, Germany, and Bangladesh, alongside a rigorous review of academic literature, industry reports, and media publications. Utilizing the Delphi method for enhanced forecasting and understanding, the research combines primary insights with extensive secondary analysis to map out the semiconductor industry's trajectory in Bangladesh. Our findings reveal that establishing a vibrant semiconductor sector could catalyze the creation of high-skilled jobs, attract foreign direct investments, and boost the export of high-value products. However, unlocking this potential demands a synergistic approach involving government, private sector, academia, and international partners to nurture an ecosystem that supports innovation and economic advancement. Through semi-structured interviews conducted across key regions, utilizing judgmental and snowball sampling techniques, this study captures the nuanced perspectives on the challenges, opportunities, and strategic significance of the semiconductor industry to Bangladesh's economic diversification and growth

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