Exporting the Innovative Momentum: The Case in the Semiconductor Industry

The semiconductor industry has evolved in technological intricacy, which has rarely been examined. The current study argues that technological development follows the ontological rule to improve the existing features. A longitudinal study is required to explore the changes in the technological trajectory. It adopts two major approaches to measuring the chaos of the technological trajectory: Lyapunov exponents and the Chow test. The innovation trajectory has changed from the order phase to the chaotic phase. Since 2018, many countries have faced a shortage of IC chips, prompting discussions on self-reliance in chip production as part of national development policies. This issue serves as an incentive to understand the evolution of the semiconductor industry and its current state. The implications of this study can help authorities initiate relatively industrial policy and provide incumbents to thoughtfully consider their technological network strategy and latecomers to precisely posit their technological niche.