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What are the key competing factors in the semiconductor industry?

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What are the key competing factors in the semiconductor industry?

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The semiconductor industry is a truely global industry with a very wide range of products and services. I appreciate if you state maybe your sector (discret, memory, Processor, ASSP, ASIC, others) and or region (North America, Asia, Japan, Europe, other). If you want to answer for the whole industry your answer is welcome too. My question is general interest.

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