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


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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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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