From Moore's Law to Market Rivalry: The Economic Forces That Shape the Semiconductor Manufacturing Industry

Brian C. Albrecht, Geoffrey A. Manne, David Teece, and Mario A. Zuniga

ICLE White Paper 2025

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Abstract

This white paper analyzes the economic forces shaping the semiconductor manufacturing industry, including the role of Moore's Law in driving innovation, the economics of fab construction, and the competitive dynamics between leading chipmakers. It examines policy implications for semiconductor industrial strategy.

Keywords

  • semiconductors
  • industrial organization
  • technology policy
  • Moore's Law
  • market structure

Citation

Brian C. Albrecht, Geoffrey A. Manne, David Teece, and Mario A. Zuniga (2025). "From Moore's Law to Market Rivalry: The Economic Forces That Shape the Semiconductor Manufacturing Industry." ICLE White Paper.

BibTeX

@article{semiconductor_industry,
  title = {From Moore's Law to Market Rivalry: The Economic Forces That Shape the Semiconductor Manufacturing Industry},
  author = {Brian C. Albrecht and Geoffrey A. Manne and David Teece and Mario A. Zuniga},
  year = {2025},
  journal = {ICLE White Paper},
  url = {https://laweconcenter.org/resources/from-moores-law-to-market-rivalry-the-economic-forces-that-shape-the-semiconductor-manufacturing-industry/}
}