Cyclical Industrial Dynamics: the Case of the Global Semiconductor Industry PDF Download
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Author:
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Languages : en
Pages :
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Book Description
In this paper, we focus on firms' cyclical behavior in the global semiconductor industry. We demonstrate that these cyclical dynamics at the industry level differ from both the business cycles at the macro-economic level and the lengthy industrial technology life cycle. We discuss a range of possible causes of those cyclical industrial dynamics, including the general business cycles as well as industry-specific factors. Our study reports three stylized facts in relation to the cyclical industrial dynamics in the global semiconductor industry: first, the industry is more concentrated during the industry cycle downturns; second, the capital investment of the industry as a whole follows a 'pro-cyclical' pattern; and third, firms that pursued a 'counter-cyclical' capital investment strategy during the industry cycle downturn have reaped rewards during the subsequent cycle period. These facts suggest that cyclical industrial dynamics, especially the industry cycle downturns, play an important role in firm rivalry, strategic positioning and industrial growth.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
In this paper, we focus on firms' cyclical behavior in the global semiconductor industry. We demonstrate that these cyclical dynamics at the industry level differ from both the business cycles at the macro-economic level and the lengthy industrial technology life cycle. We discuss a range of possible causes of those cyclical industrial dynamics, including the general business cycles as well as industry-specific factors. Our study reports three stylized facts in relation to the cyclical industrial dynamics in the global semiconductor industry: first, the industry is more concentrated during the industry cycle downturns; second, the capital investment of the industry as a whole follows a 'pro-cyclical' pattern; and third, firms that pursued a 'counter-cyclical' capital investment strategy during the industry cycle downturn have reaped rewards during the subsequent cycle period. These facts suggest that cyclical industrial dynamics, especially the industry cycle downturns, play an important role in firm rivalry, strategic positioning and industrial growth.
Author: Hao Tan
Publisher:
ISBN: 9783838333465
Category : Business cycles
Languages : en
Pages : 177
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Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Ever since Schumpeter first identified industry cycles as the characteristic form of capitalist development, with upturns creating opportunities for profit and downturns providing scope for restructuring, the topic has attracted occasional interest by business researchers - but never the sustained interest that the subject warrants. Most studies in cyclical dynamics focus on the macroeconomy, and largely deal with forecasting. This article focuses by contrast on cyclical dynamics at the sectoral level, where cyclical upturns and downturns create essential and unavoidable strategic issues for management. This introductory paper discusses the fundamentals of industry cycle identification, and analysis in both the time domain and the frequency domain with a view to drawing strategic insights. The study illustrates these approaches with industrial data from the global semiconductor industry. The argument is that the study of cyclical industrial dynamics provides the foundation for wider studies of innovation and technology management.
Author: National Research Council
Publisher: National Academies Press
ISBN: 0309092744
Category : Technology & Engineering
Languages : en
Pages : 214
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Book Description
Hosted by Harvard University's Kennedy School of Government, this symposium brought together leading technologists and economists to review technical challenges facing the semiconductor industry, the industry's business cycle, the interconnections between the two, and the implications of growth in semiconductors for the economy as a whole. This volume includes a summary of the symposium proceedings and three major research papers. Topics reviewed encompass the industry technology roadmap, challenges to be overcome to maintain the trajectory of Moore's Law, the drivers of the continued growth in productivity in the U.S. economy, and economic models for gaining a better understanding of this leading U.S. industry.
Author: Peter Robin Morris
Publisher: IET
ISBN: 9780863412271
Category : Business & Economics
Languages : en
Pages : 198
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Book Description
Development of the thermionic valve. Historical survey of early research in semiconductors. Development of the transistor. Major technical processes used in semiconductor device fabrication. Review of major factors affecting the growth of the United States semiconductor industry. Review of the factors affecting the growth of the Japanese and South Korean semiconductor industries. Review of the European semiconductor industry.
Author: Apek Mulay
Publisher: Business Expert Press
ISBN: 1631575902
Category : Business & Economics
Languages : en
Pages : 214
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Book Description
Tremendous technological progress in the last half century has exponentially grown productivity as well as increased automation to reduce the costs of operation for businesses. On one hand, ever-growing productivity has reduced requirements for manual labor through automation. But, on other hand, huge unemployment created from reduction of workforce due to automaÂtion, has reduced the consumer purchasing power and is indirectly hurting the Return on Investments (RoI). This brings any further progress of technology to a standstill. For technology to progress both supply and demand have to grow. The supply comes from producÂtivity of workforce and demand comes from their wages. Hence, free markets must ensure that wages automatically catch up with ever-growing productivity, with minimal government inÂtervention. To avoid automation from destroying jobs in an economy, free markets should ensure that working hours of workforce be reduced during the waning phase of economy and increased during its waxing phase.
Author: Clair Brown
Publisher: MIT Press
ISBN: 0262516829
Category : Business & Economics
Languages : en
Pages : 283
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Book Description
How the chip industry has responded to a series of crises over the past twenty-five years, often reinventing itself and shifting the basis for global competitive advantage. For decades the semiconductor industry has been a driver of global economic growth and social change. Semiconductors, particularly the microchips essential to most electronic devices, have transformed computing, communications, entertainment, and industry. In Chips and Change, Clair Brown and Greg Linden trace the industry over more than twenty years through eight technical and competitive crises that forced it to adapt in order to continue its exponential rate of improved chip performance. The industry's changes have in turn shifted the basis on which firms hold or gain global competitive advantage. These eight interrelated crises do not have tidy beginnings and ends. Most, in fact, are still ongoing, often in altered form. The U.S. semiconductor industry's fear that it would be overtaken by Japan in the 1980s, for example, foreshadows current concerns over the new global competitors China and India. The intersecting crises of rising costs for both design and manufacturing are compounded by consumer pressure for lower prices. Other crises discussed in the book include the industry's steady march toward the limits of physics, the fierce competition that keeps its profits modest even as development costs soar, and the global search for engineering talent. Other high-tech industries face crises of their own, and the semiconductor industry has much to teach about how industries are transformed in response to such powerful forces as technological change, shifting product markets, and globalization. Chips and Change also offers insights into how chip firms have developed, defended, and, in some cases, lost global competitive advantage.
Author: Austin Harney
Publisher: LAP Lambert Academic Publishing
ISBN: 9783838327976
Category : Semiconductor industry
Languages : en
Pages : 84
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Book Description
This thesis set out to investigate the underlying competitive dynamics in the global semiconductor industry and how these competitive dynamics shape the structure and strategies employed by the participants within that industry. The competitive dynamics were explored using four separate headings; technological, customer preference, industry structure and business cycle dynamics.Combining the results of the interviews and survey with the analysis of the secondary source material shed light on how the semiconductor industry is evolving in response to the increasing costs of developing the latest manufacturing facilities and how this is affecting the business structures that companies are choosing to adopt. Similarly the analyses pointed to the industry having recently entered the maturity stage and the thesis examined some of the issues surrounding this, including the increased likelihood of consolidation within the industry as well as the increasing importance of efficiency as a complement to product innovation. The thesis concludes with a summary of the findings and suggestions to companies operating in the semiconductor industry in Ireland
Author: Kenneth Flamm
Publisher: Brookings Institution Press
ISBN: 0815717350
Category : Business & Economics
Languages : en
Pages : 493
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Book Description
The semiconductor industry is at the forefront of current tensions over international trade and investment in high technology industries. This book traces the struggle between U.S. and Japanese semiconductor producers from its origins in the 1950s to the novel experiment with "managed trade" embodied in the U.S.-Japan Semiconductor Trade Arrangements of 1986, and the current debate over continuation of elements of that agreement. Flamm provides a thorough analysis of this experiment and its consequences for U.S. semiconductor producers and users, and presents extensive discussion of patterns of competition within the semiconductor industry. Using a wealth of new data, he argues that a fundamentally new trade regime for high technology industries is needed to escape from the present impasse. He lays out the alternatives, from laissez-faire to managed trade, and argues strongly for a new set of international ground rules to regulate acceptable behavior by government and firms in high-tech industries. Flamm's detailed analysis of competition within the semiconductor industry will be of great value to those interested in the industrial organization of high-technology industries, as well as those concerned with trade and technology policy, international competition, and Japanese industrial policies.
Author: Pranay Kotasthane
Publisher: Bloomsbury Publishing
ISBN: 9356402450
Category : Political Science
Languages : en
Pages : 184
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Book Description
To the world at large, technology was synonymous with software. Within months, the subject of such conversations has changed dramatically. Today, the hardware that runs all software - semiconductors or chips - has become a subject of WhatsApp groups and international politics. The chip shortage during COVID-19 made governments take notice of this complex supply chain. The US began denying advanced semiconductors to Chinese companies. Worsening China-Taiwan relations further intensified the debate. By 2022, China, the US, India, the EU, and Japan had released plans worth billions of dollars for setting up new semiconductor facilities. This book is a comprehensive overview of this “meta-critical” technology. How are semiconductors important from a geopolitical perspective? Why did the US and Taiwan become powerhouses in this domain while Russia and India fell behind? Is China's semiconductor sector a threat to the world? What are the future trends to watch out for? These are the questions that this book answers.
