Yes and no. I would say for the field OP is in, a lot of jobs will have B.S. or M.S. as the “required” education, and then M.S. or Ph.D. as “preferred”. The U.S. just dumped $280B into the CHIPS act, so now is a pretty good time to be in semiconductor R&D. The folks I work with seems to have little trouble popping back and forth between industry, academia, and government.
I’m not sure of your country, but are you tied to it? (For example, do you have family, or are trying to attain citizenship?)
Opening up your search might be helpful. Look at a variety of universities in many countries to see what options there are.