A Brief History of Semiconductors: How The US Cut Costs and Lost the Leading Edge

Semiconductors and Industrial Policy

Early Days and Industrial Policy

The 1970s: Booming Commercial Markets

Source: ICE Semiconductor Data, Authors’ Calculations

The 1980s: Fierce International Competition

Source: ICE Semiconductor Data, Authors’ Calculation
Source: ICE Semiconductors Data, Authors’ Calculations

The 1990s: Science Policy, Not Industrial Policy

Source: Semiconductor Industry Association
Source: BLS, US Census Bureau, Authors’ Calculations

The 2000s: Dot Com Crash and Diminishing Returns

Source: https://www.nber.org/system/files/working_papers/w19637/w19637.pdf, Authors’ Calculations
From: https://www.nber.org/system/files/working_papers/w19637/w19637.pdf

The 2010s: ‘Fabless’ Firms, R&D, and Offshoring

Source: American Association for the Advancement of Science, Author’s Calculations
Source: American Association for the Advancement of Science, Author’s Calculations

Today: Policy Implications and Strategy

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