Abstract
In the mid-1980s, the emerging semiconductor industry had a problem. Many competing standards and manufacturing practices were a costly drag on progress. U.S. chipmakers realized that solving common problems and developing industry-wide standards would benefit everyone. They created Sematech, a joint venture that helped solve thorny technical challenges and yielded industry-wide efficiencies that no company could have accomplished alone. By the mid-1990s, the group globalized and today represents more than half the worldwide semiconductor manufacturers.