Today Taiwan is recognized as the largest center of fabless integrated circuit (IC) design firms (firms which design but do not fabricate chips) after the United States, while Hong Kong is a bit player in this global industry. Fifteen years ago things looked quite different. At that time, Hong...

Semiconductors represent a major building block of high-tech industry. This chapter analyzes the trajectory of China's rapidly growing semiconductor sector, focusing on the interplay among global technology developments, Chinese government policy, and three groups of firms: purely domestic...