Abstract
ABSTRACT The semiconductor global value chain (GVC) which was established by global lead companies and their strategic suppliers is now facing significant disruption because of geopolitical tensions between the US and China. As semiconductor production became offshored to East Asia, China’s growing market for semiconductors associated with its role as a major electronics assembly location facilitated its integration into the global value chain for lower value added functions such as assembly and packaging. Together with its high level of optimisation, the GVC is also characterised by significant oligopolies of intellectual property resulting in an overall asymmetric interdependence between locations in advanced and emerging regions. Because of the vital role of the semiconductor sector in areas of national security and within the technology sector more widely, China seeks to develop greater self-reliance in semiconductors at a time when its integration in the global value chain is facing significant threats.
Published Version
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