The electronics industry is multifaceted - from children's game software to elements of major weapons systems. It includes many of the most innovative and profitable companies in the US, but embodies some of the biggest problems facing the nation--a paucity of trained technical workers; issues of market control; problems associated with rapid obsolescence, particularly of military components; and concerns about international alliances and national power. The computer and semiconductor sectors are among the most robust in the world, generating billions in profits and ushering hundreds of millions of people into the 21 st century. Computers are becoming ubiquitous; soon it will be practically impossible to tell where the computer ends and the home appliance, entertainment unit, medical apparatus or communications device begins. The software sector continues to feature innovation and excitement unknown in most industries. It is impossible to imagine any realm of life that the electronics industry is not changing profoundly.
ICAF Industry Studies 1998