The integrated circuit (IC) industry's role in promoting sustained economic growth makes it highly valued by governments worldwide. Based on the late-mover advantage and market failure theories, this study demonstrates the importance of government intervention in industrial technological...

Since the emergence of information technology, the integrated circuit industry has been a major contributor to sustained economic expansion. This paper proposes a theoretical model premised on the pertinent theories of technological progress in late-mover countries and concludes that it is...