The transformative potential of inward investment on industrial cluster development: the case of the semiconductor industry in Wales
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The transformative potential of inward investment on industrial cluster development : the case of the semiconductor industry in Wales. / Munday, Max; Huggins, Robert; Cai, Wanxiang; Kapitsinis, Nikos; Roberts, Annette.
I: European Planning Studies, Bind 32, Nr. 7, 2024, s. 1594-1612.Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt
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TY - JOUR
T1 - The transformative potential of inward investment on industrial cluster development
T2 - the case of the semiconductor industry in Wales
AU - Munday, Max
AU - Huggins, Robert
AU - Cai, Wanxiang
AU - Kapitsinis, Nikos
AU - Roberts, Annette
N1 - Publisher Copyright: © 2024 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group.
PY - 2024
Y1 - 2024
N2 - This paper examines the transformative potential of inward investment on cluster development. It undertakes this through the lens of the evolving semiconductor cluster in South Wales (UK) and within a context whereby the semiconductor industry is under pressure with government interventions to improve prospects being implemented at a time of increasing global tension in the industry. The paper reveals the potential of inward investors as agents of regional economic change and cluster development. It shows that the emerging South Wales cluster distinguishes itself in terms of investment motivation, commodities and services produced. These factors result in growing embeddedness in relation to elements such as joint research with higher education and intra-firm collaboration to develop new products and processes. The paper concludes that investments based on risky and fast-changing technologies in industries such as the semiconductor sector necessarily create challenges for policy makers. These are best managed by placing greater emphasis on developing the conditions to satisfy the needs of such knowledge-intensive industries in relation to labour market conditions, factor conditions and market access.
AB - This paper examines the transformative potential of inward investment on cluster development. It undertakes this through the lens of the evolving semiconductor cluster in South Wales (UK) and within a context whereby the semiconductor industry is under pressure with government interventions to improve prospects being implemented at a time of increasing global tension in the industry. The paper reveals the potential of inward investors as agents of regional economic change and cluster development. It shows that the emerging South Wales cluster distinguishes itself in terms of investment motivation, commodities and services produced. These factors result in growing embeddedness in relation to elements such as joint research with higher education and intra-firm collaboration to develop new products and processes. The paper concludes that investments based on risky and fast-changing technologies in industries such as the semiconductor sector necessarily create challenges for policy makers. These are best managed by placing greater emphasis on developing the conditions to satisfy the needs of such knowledge-intensive industries in relation to labour market conditions, factor conditions and market access.
KW - cluster development
KW - Inward investment
KW - semiconductor industry
KW - Wales
U2 - 10.1080/09654313.2024.2319704
DO - 10.1080/09654313.2024.2319704
M3 - Journal article
AN - SCOPUS:85186610565
VL - 32
SP - 1594
EP - 1612
JO - European Planning Studies
JF - European Planning Studies
SN - 0965-4313
IS - 7
ER -
ID: 386270351