|SIC Codes:||3661 3671 3672 3674 3675 3676 3678 3679|
|NAICS Codes:||334412 334413 334416 334417 334418 334419|
Companies in this industry make semiconductors (computer chips) and other components used in electronic devices. Major companies include Intel, Micron Technology, and Texas Instruments (all based in the US), along with Samsung Electronics (South Korea), Sharp Corporation (Japan), and Flextronics International (Singapore).
The industry depends highly on demand from the computer industry and makers of telecommunications products such as cell phones, which can vary sharply from year to year. Companies can be successful producing standard parts at low cost or by producing highly specialized components. Small companies can compete effectively with large ones by producing specialized products or developing new applications. Technological expertise is extremely important. The US industry is concentrated: the 50 largest companies generate about 65 percent of revenue.
Major products include semiconductors (computer chips), which account for about 65 percent of industry revenue; printed circuit assemblies (15 percent); and components such as electronic connectors.Buy Now