Author(s)

Hu Jiajun

Corresponding Author

Hu Jiajun

ABSTRACT

The Research and Development Factor (R&D Factor) was first proposed in a paper jointly published in February 1967 by W. Gruber, D. Meita, and R. Vernon. They studied the interrelationship between U.S. industrial development investment and foreign trade commodity structure, and explained Lyon's “mystery” from a technical point of view. This paper compares and analyzes the ranking and competitiveness of China's semiconductor companies in the world's top ten semiconductor companies by taking advantage of the trade competitiveness index. The results show that the research and development elements of the US semiconductor industry have an absolute advantage and their status is difficult to shake, but the trade deficit appears. Although China's chip industry holds a certain share in international trade, the trade deficit is excessive, and high-end products mainly rely on imports, and the competitive advantage is not obvious. It is necessary to pay more attention to the importance of research and development factors and adopt effective policy measures to accelerate the enhancement of China’s semiconductor industry’s international competitiveness.

KEYWORDS

Research And Development Elements, Semiconductor Industry, International Trade, Competitive Advantage