During the past decade, Taiwan, a reliable source of quality 12-inch wafer manufacturing, grew to become the largest supplier of TFT-LCD panels in the world. The financial crisis in 2008 and increasing competition from other Asian manufacturers shortly after, led to the current scenario, which...

In this paper, we examine the different evolutionary processes and outcomes of the hard disk drive and liquid crystal display industries in Taiwan. To this end, we make two general theoretical claims. First, that an appreciation of the globalization of technology is as important as national...

When are technological laggards more likely to try to catch up with leaders? We offer empirical evidence on firm-level data of plant investments in the TFT-LCD panel industry, where technological competition has been intense and dynamic. We find that the followers' level of technology has a...