Competitive strategies for Taiwan's semiconductor industry in a new world economy |
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| Affiliation: | 1. Department of Environmental Science and Engineering, Tunghai University, No. 1727, Sec. 4, Taiwan Boulevard, Xitun District, Taichung 40704, Taiwan;2. Centre for Environmental Restoration and Disaster Reduction, National Chung Hsing University, 250 Kuo-Kuang Rd., Taichung 402, Taiwan;1. Management Department, Freie Universität Berlin, Germany;2. Department of Business Studies & Economics, TU Kaiserslautern, Germany;1. Department of Bio-Industry Communication and Development, National Taiwan University, No. 1, Sec. 4, Roosevelt Road, 10617 Taipei, Taiwan;2. Graduate Institute of Library and Information Science, National Chung Hsing University, No. 250, Kuo-Kuang Road, South District, 40227 Taichung, Taiwan;3. Department of Mechanical Engineering and Institute of Industrial Engineering, National Taiwan University, No. 1, Sec. 4, Roosevelt Road, 10617 Taipei, Taiwan;4. Department of Library and Information Science, National Taiwan University, No. 1, Sec. 4, Roosevelt Road, 10617 Taipei, Taiwan |
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| Abstract: | Taiwan's semiconductor industry (TSI) has been a popular research subject. In particular, the small island country's characteristic fast follower approaches to starting a capital and knowledge-intensive high-tech industry – such as the semiconductor industry – and making it a success story provide valuable insight into the fast-changing dynamics of these industries and a role model for developing countries. For a long time, the primary competitive edges of TSI have been speed, cost, flexibility, and quality, enabled by policy formulation, bridging institutions, public infrastructure, vertical disintegration, entrepreneurship, and human capital. However, facing heightened competition, a change of status (i.e. TSI is no longer a follower but a forerunner in a relatively mature state), and a changing world economy, TSI needs to develop additional core competencies to remain competitive. This article discusses the approaches adopted by Taiwan's public and private sectors for such a purpose. By surveying a wide variety of data including laws and policies, national science and technology programs, industry news, market reports, and relevant literature, the study suggests that technology, value, sustainability, and brand are the additional competitive edges being developed for TSI. The paper also discusses potential obstacles for TSI in the foreseeable future. |
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| Keywords: | Semiconductor Taiwan Industry life cycle Competitive strategy Sustainable development |
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