Technological Intricacy and Technological Regime Changes The Network Evolution of the Semiconductor Industry

The evolution of technology demonstrates changes in technological efficiency and reflects mutations in firms' behaviors. Over the past four decades, the semiconductor industry has undergone changes characterized by fragmentation opportunities, transient appropriability, and segmental cumulativeness. However, the understanding of which firm behaviors drive these industry changes remains insufficient. This study aims to investigate how the technology-intensive industry evolves. The perspective of the technology network provides an analytic framework for understanding this knowledge-based industry. The implications of current industry features suggest that firms should strategize within specific technological niches.