Electronics is a growing industry with a quarter century record of increasing sales and profitability. Each year, it becomes increasingly central to the success of advanced economies. The U.S. electronics industry is competitive, innovative, and profitable; it is in a dominating leadership position in the important semiconductor, computer, and software markets. The U.S.-based electronics industry benefits from intense competition for new markets, willingness to invest in research and development (R&D), the availability of venture capital, and willingness to adapt new business models. It enjoys the synergies of regional production networks in Silicon Valley and elsewhere, a demanding domestic customer base, and advantageous access to the world's single largest market for electronics products. Sales of personal computers, one of the best indicators of overall electronics industry performance, increased 17 percent globally in the first quarter of 1999 and 21 percent in the United States.
ICAF Industry Studies 1999