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Review of Industrial Organization

, Volume 11, Issue 5, pp 737–751 | Cite as

Estimating the benefits from collaboration: The case of SEMATECH

  • Albert N. Link
  • David J. Teece
  • William F. Finan
Article

Abstract

SEMATECH (SEmiconductor MAnufacturing TECHnology) was established in 1987 as a not-for-profit research consortium with an original mission to provide a pilot manufacturing facility where member companies could improve their semiconductor manufacturing process technology. Since its inception, SEMATECH's mission has become more general. This paper presents the findings from a quantitative case-based analysis of the returns to member companies from their investments in SEMATECH. The findings suggest that SEMATECH has provided an organizational structure in which important processes and technologies have been advanced which could not have been justified on economic grounds outside of a collaborative research arrangement.

Key words

SEMATECH collaborative research internal rate of return 

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References

  1. Beecy, Laura L., Albert N. Link, William F. Finan, and David J. Teece (1994) ‘Quantifying the Private Rates of Return to Collaborative Research: The Case of SEMATECH’, mimeo.Google Scholar
  2. Grindley, Peter, David C. Mowery, and Brian Silverman (1994) ‘SEMATECH and Collaborative Research: Lessons in the Design of a High-Technology Consortia’, Journal of Policy Analysis and Management, 13, 723–785.Google Scholar
  3. Irwin, Douglas A. and Peter J. Klenow (1994) ‘High Tech R&D Subsidies: Estimating the Effects of SEMATECH’, NBER Working Paper 4974.Google Scholar
  4. Leyden, Dennis P. and Albert N. Link (1992) Government's Role in Innovation, Boston, Kluwer Academic Publishers.Google Scholar
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  8. U.S. Government Accounting Office (GAO) (1992) ‘SEMATECH's Technological Progress and Proposed R&D Program’, Briefing Report to the Chairman, Subcommittee on Defense, Committee on Appropriations, U.S. Senate.Google Scholar

Copyright information

© Kluwer Academic Publishers 1996

Authors and Affiliations

  • Albert N. Link
    • 1
  • David J. Teece
    • 2
  • William F. Finan
    • 3
  1. 1.Department of EconomicsUniversity of North Carolina at GreensboroGreensboroUSA
  2. 2.Institute for Management, Innovation, and OrganizationUniversity of California at BerkeleyBerkeleyUSA
  3. 3.Technecon Analytic ResearchWashington, DCUSA

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