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Working Paper
Price measures for semiconductor devices
This note provides quality-adjusted price indexes and nominal shipments data for highly disaggregate classes of semiconductor devices. These data may be used to construct indexes under different assumptions from those used in indexes that are currently available. Because the construction of these building blocks require some assumptions, the indexes are compared with similar price measures constructed by Bruce Grimm (1998) and by the Bureau of Labor Statistics.
Journal Article
Semiconductor Industrial Policy and the Fifth District
Chatham County, N.C., is a long way from Silicon Valley. Around 76,000 residents live here among the rolling hills of the Piedmont region, nestled between the Atlantic Plain and the Appalachian Mountains. Farming and mining have been the primary industries for generations. The county is about 2,700 miles away from Silicon Valley, the Bay Area region widely acknowledged as the world's semiconductor innovation hub for over half a century. But despite these differences in geography and reputation, in September 2022, Wolfspeed, a firm originally founded in North Carolina in 1987 as a developer ...
Journal Article
Changing geographical patterns of electronic components activity
Working Paper
Where the CHIPS Fall: Local Labor Market Impacts of Semiconductor Mega-Investments in Maricopa County, Arizona
This paper examines the local labor market effects of mega-scale semiconductor investment, using Maricopa County, Arizona, as a case study. The county has received about $300 billion in commitments through the 2030s under the CHIPS and Science Act of 2022, the largest place based industrial investment in recent US history. Using synthetic difference-in-differences, we find large employment gains, but few of these gains occur within the manufacturing sector. Semiconductor manufacturing shows no measurable net change, as hiring at new facilities offsets reductions at existing ones. The gains ...
Journal Article
The semiconductor industry
Working Paper
The Value of Knowledge Spillovers
This paper aims at quantifying the economic value of knowledge spillovers by exploring information contained in patent citations. We estimate a market valuation equation for semiconductor firms during the 1980s and 1990s, and find an average value in the amount of $0.6 to 1.2 million "R&D-equivalent" dollars for the knowledge spillovers as embodied in one patent citation. For an average semiconductor firm, such an estimate implies that the total value of knowledge spillovers the firm received during the sample period could be as high as half of its actual total R&D expenditures in the same ...
Journal Article
Competition in the semiconductor industry
Journal Article
Telecom in North Texas : A case study in agglomeration
Working Paper
The role of semiconductor inputs in IT hardware price decline: computers vs. communications
Sharp declines in semiconductor prices are largely responsible for observed declines in computer prices. Although communications equipment also has a large semiconductor content, communications equipment prices do not fall nearly as fast as computer prices. This paper partly resolves the puzzle-first noted by Flamm(1989)-by demonstrating that prices for chips used in communications equipment do not fall nearly as fast as prices for those chips used in computers, and those differences are large enough to potentially explain all of the output price differences.
Monograph
Industry clusters in Texas