How is a semiconductor like a steam engine? Though reminiscent of a riddle the Mad Hatter might pose over a mug of Darjeeling, Susan Mays suggests in her dissertation that these two technologies performed a similar economic function. Both, she notes, contributed to significant increases in manufacturing output, the establishment of improved distribution networks for goods and information, and the creation of a wide range of new business opportunities. Today the semiconductor industry is synonymous with high-tech innovation, as firms struggle to produce smaller, faster microprocessors by cramming more transistors on to a sliver of silicon. More recently, China has emerged as a key site for integrated circuit design and fabrication, a particularly impressive feat given the institutional legacies of its centrally planned economy. Instead, she embraces an evolutionary economics approach which advocates a bottom-up examination of how people within a specific industry adopt new tools, processes, or organizational forms and learn from those experiences. Nonetheless, Mays was able to collect more than fifty first-hand accounts from electronics executives and senior engineers.
A new world under construction: China and semiconductors
A new world under construction: China and semiconductors | McKinsey
About this statistic. Show source. Forecast revenue growth rate global semiconductor industry Semiconductor industry vendors by revenue worldwide Including Detailed References. Statista offers dossiers and reports on over industries.
Trends in the Semiconductor Industry
The Japanese semiconductor industry struggled with the regulations defined by the U. This situation continued until the agreement expired in The Japanese share dropped when South Korean and Taiwanese manufacturers joined the global semiconductor market and U. South Korea reorganized its semiconductor industry and actively encouraged development and investment after the financial crisis of the late s, rapidly raising its status in the field of DRAMs. Personal computers, peripheral equipment, and office equipment were the major forces boosting demand for semiconductor products.
Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Our flagship business publication has been defining and informing the senior-management agenda since Our learning programs help organizations accelerate growth by unlocking their people's potential. Business in China has become a top-of-mind issue for semiconductor executives and investors over the past year. While traditionally an important consumption market for chips, three related factors have now made it more important for companies to understand the opportunity and proactively refresh their China strategies.