The Way Ahead
The Way Ahead
This chapter reviews all the eight crises that were mentioned in the previous chapters and discusses how these have affected countries’ firms, workers, and consumers. Several lessons and suggestions for response are provided in relation to the impact of crises on the semiconductor industry. From global competition, the limits of Moore’s Law, and higher fabrication and design costs, to concerns about the engineering labor market, the implication is that although certain crises may be overcome, they are almost never solved permanently. Certain responses were made by firms, and the chapter organizes them into certain types. They are categorized by the Response Mode made and the Strategy taken. Response modes are classified into “incremental” (improvement of technology or organization) or “radical” (appearance of break-through technology or business model. The strategies are classified into “positioning” and “offshoring.” In conclusion, the chapter shows how differently the industry has dealt with these crises and what can be learned from each response.
Keywords: global competition, Moore’s Law, engineering labor market, response mode, positioning, radical, semiconductor industry
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