Once the dominant force in the world semiconductor industry, the United States rapidly lost market share to Japan during the 1980s. Over the last few years, however, such U.S. firms as Intel, Motorola, and Texas Instruments have led the way in a dramatic reversal of the trend. In this fascinating and insightful volume, David P. Angel offers the first examination of how the United States was able to respond successfully to the challenge of global competition by initiating what can be seen as nothing less than a complete restructuring of the semiconductor industry.