BEIJING, Sept. 5, 2018 /PRNewswire/ -- Ambow Education Holding Ltd. ("Ambow" or the "Company") (NYSE American: AMBO), a leading national provider of educational and career enhancement services in China, today announced that the Company, for the second consecutive year, jointly published a Whitepaper titled 2017-2018 Professionals for China's Integrated Circuit (IC) Industry, and co-sponsored the Global Semiconductor Talents conference in collaboration with China Electronics Information Industry Development Research Institution ("CCID") and the National Software and Integrated Circuit Promotion Center ("CSIP").
According to the Whitepaper, China's integrated circuit sector is facing the potential of a severe talent shortage as the talent pool in the industry at the end of 2017 was about 400,000, while China is expected to need approximately 720,000 IC-related workers by the year 2020. Considering the rapid growth of the sector, vocational training and overseas recruitment are playing more important roles in filling the expanding requirement to provide 100,000 integrated circuit workers, on average, per year to capture this ever-growing demand.
"The findings of this latest Whitepaper make it clear that traditional colleges and universities will be challenged to meet the demand for IC professionals for years to come. Through our continuing development of courses and programs, Ambow is working hard to reduce this anticipated shortage by preparing our students to meet the requirements of IC enterprises. Ambow's reach is strengthened greatly by our partnerships with more than 200 colleges and 4,000 corporations throughout China," commented Dr. Jin Huang, Ambow's President and Chief Executive Officer.
Dr. Huang added, "The IC sector plays a significant role in China's technology-driven economy, and further technological development is strongly supported by the government. We are honored to continue our contribution to the preparation and release of this highly anticipated Whitepaper, and we are pleased to do our part to prepare and train professionals for the integrated circuit industry."
The Whitepaper provides a comprehensive study and analysis on the supply and demand of professionals in China's IC industry. The report aims to lay a solid foundation for the reform and development of the educational requirements and training for this fast-growing industry.
About Ambow Education Holding Ltd.
Ambow Education Holding Ltd. is a leading national provider of educational and career enhancement services in China, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in 30 out of the 31 provinces and autonomous regions within China.
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