Word: sematech
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...Gordon Moore to found Intel. Under Noyce's shirt-sleeves leadership, it soon produced a landmark memory chip and the so-called computer-on-a-chip, or microprocessor. By 1974 Intel was so successful that Noyce traded day-to-day management for industrywide concerns, like leading a consortium called Sematech to stave off foreign competition. He died...
...other side's fees. The Food and Drug Administration and the Federal Communications Commission loom in his columns as especially power hungry and antiquated. In practice, however, his anti-interventionist instincts aren't so tidy. Forbes has railed against industrial policy, for example, decrying the government-sponsored Sematech chip consortium and the Clinton Pentagon's development of flat-panel computer displays. Yet he heartily endorses Kemp-style enterprise zones that, whatever their worthy aims, amount to a textbook use of government subsidies to improve upon markets...
...want the government to do more. Many even call for a type of national industrial policy on the scale of Japan's powerful Ministry of International Trade and Industry. While such direct intervention is a long shot, Washington has given the industry a big boost through formation of the Sematech consortium. Created by Congress in 1987, Sematech is a research-and-development group financed on a fifty-fifty basis by the Pentagon and a group of 12 U.S. electronics companies, including Intel, Motorola and IBM. Based in Austin, Sematech set out to restore U.S. dominance in advanced chipmaking equipment, like...
...pull the plug on its two most widely publicized high-tech initiatives. According to reports circulating in Washington, the Administration was determined to cut not only the $10 million it had pledged for research into high-definition television, but all federal support -- including $100 million in 1991 -- for Sematech, the Reagan-era industrial consortium designed to catapult the U.S. into the lead in the technologies for manufacturing computer chips...
...financing. Many venture capitalists are shunning computer companies, largely because of mounting losses on recent start-ups. Says Houston venture capitalist Edward Williams: "Compaq and Apple -- those opportunities in hardware have come and gone. It's too risky at the moment. It's an industry that's maturing." Adds Sematech's Noyce: "Nobody's going to be very interested when the last people in it got stung." According to Venture Economics, a market-research firm, the number of computer-hardware makers receiving venture financing fell from 397 in 1984 to 215 last year, and software start-ups getting such funding...