Constructing Financial Support Ecosystem of Innovation Momentum for Semiconductor Industry

Based on the “social construction of technology” perspective, this study explores the intricate interaction between technological ecosystems and capital markets. It argues that technological innovation fosters the emergence of socio-technical systems with internal dynamics and external environmental influences. Notably, the capital market plays a crucial role within these systems. To ensure efficient operation, information on technological advancements and financial markets needs to circulate freely. This research employs econometric analysis to investigate the co-movement between technological trajectories, the Philadelphia Semiconductor Index (SOX), and the Nasdaq Composite Index (IXIC). By analyzing these key market indicators, the study aims to shed light on the interplay between technological management ecosystems and the macro-economic environment. This analysis contributes to a deeper understanding of how technological developments shape ecosystems and how these ecosystems, in turn, interact with capital market dynamics.