The Need for STEM Professionals - Dr. Henry Samueli

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  • 1. The Need for STEM Professionals STEM Summit 2010: Early Childhood Thru Higher Education February 18, 2010 Host: National Academy of Engineering Dr. Henry Samueli Co-Founder and Chief Technology Officer Broadcom Corporation
  • 2. Profound Impact of Semiconductor Innovation The invention of the transistor 60 years ago – which evolved into the integrated circuit a decade later – has probably had more impact on society than any other invention in the last 100 years!
  • 3. About Broadcom
    • Founded in 1991 by two UCLA alumni
    • Initial public offering in April 1998 (NASDAQ-BRCM)
    • Global leader in semiconductors for wired and wireless communications
    • 2009 revenue of $4.5 billion
    • Fortune 500 company
    • 7,500 full-time employees worldwide
      • 5,600 are engineers (75%)
    • Broad patent portfolio with over 12,000 issued and pending U.S. and foreign patents
  • 4. Broadcom’s Global Presence Japan Singapore South Korea Taiwan Shenzhen Beijing Shanghai Duluth Morrisville Dallas Austin San Diego San Jose Matawan Seattle Sunnyvale Houston Richmond, BC Germantown Santa Clara Andover Colorado Springs Edina Irvine Tempe Longmont Québec Fort Collins Glen Rock Markham Kanata India Germany Belgium Netherlands Israel France Sweden Finland Denmark Greece United Kingdom Headquarters in Irvine, CA 50 R&D Centers 24 Sales Offices
  • 5. Engineering Degree Distribution Corporate Wide 60% of Broadcom’s engineering workforce has advanced degrees Education Level Number of Employees % of Employees High School 79 1.4% Two-Year College 86 1.6% Bachelor’s 2,001 37.5% Master’s 2,707 48.3% Doctorate 617 11.2%
  • 6. Engineering Gender Distribution Corporate Wide Something must be done to encourage more women to pursue engineering careers!!! Gender Number of Employees % of Employees Male 5,036 89.2% Female 612 10.8%
  • 7. U.S. Engineering Ethnic Distribution Under-represented minorities are virtually non-existent in the engineering workforce – not good!!! Ethnicity Number of Employees % of Employees American Indian 8 0.2% Asian 1,970 53.4% Black 27 0.7% Hispanic 57 1.5% Multi-Ethnic 3 0.1% Pacific Islander 6 0.2% White 963 26.1% Undeclared 655 17.8%
  • 8. Average Broadcom Salaries for U.S. College Graduates Salaries for engineering graduates are among the highest of any college field! Degree Average Annual Salary (US$) Bachelor’s $70,000 Master’s $80,000 Doctorate $100,000
  • 9. Engineering Employee Distribution and Salaries by Country Country Number of Engineers % of Engineers Average Annual Salary (US$) Canada 255 4.5% $106,000 China 217 3.8% $29,000 Europe 363 6.4% $95,000 India 438 7.8% $33,000 Israel 165 2.9% $101,000 Korea 78 1.4% $58,000 Singapore 95 1.7% $61,000 Taiwan 240 4.3% $54,000 United States 3,795 67.2% $128,000
  • 10. Conclusions
    • Innovation in the STEM fields is the only way the U.S. can maintain its standard of living
      • If we lose our edge in STEM our standard of living will drop precipitously
    • U.S. hi-tech companies cannot survive without an elite STEM workforce
      • Today a significant percentage of this talent is acquired via foreign graduates of U.S. universities. The U.S. has historically been a magnet for the best and brightest international students
      • As STEM opportunities increase overseas, the pool of elite international students will naturally decrease and therefore must be replaced by U.S. students otherwise companies will simply expand in international locations to acquire the talent
    • There is a severe shortage of females and under-represented minorities in the STEM fields
      • This has very negative long-term social implications since the STEM fields have much higher than average salaries
      • High salaries alone are clearly insufficient to stimulate interest in the STEM fields
    Cultural transformations are required to stimulate interest in STEM beginning in early childhood education