EURO 2025 Leeds
Abstract Submission

1365. Changes in the Semiconductor Global Value Chain Amid Shifts in International Relations

Invited abstract in session WB-39: Sustainable Supply Chains I, stream Sustainable & Resilient Systems and Infrastructures.

Wednesday, 10:30-12:00
Room: Newlyn LG.01

Authors (first author is the speaker)

1. Siyeon Lee
Management Information System, Dong-A University
2. Kangbae Lee
Management Information Systems, Dong-A University
3. Sungho Park
MIS, Donga unversity
4. Ham Seunghoon
MIS, DongA-university
5. Jeeseung Han
MIS,
6. Jisu Kang
MIS, Dong-A University
7. Hyeonji Hwang
MIS, Dong-A University

Abstract

The semiconductor industry is a strategically important sector with a complex production structure and a globally dispersed supply chain. Due to its high complexity and broad scope, understanding the global semiconductor value chain is challenging. However, a comprehensive and timely understanding of global semiconductor trade is essential for securing national competitive advantage. This study aims to analyze changes in the global semiconductor value chain from the theoretical perspectives of international relations and global value chain theory. To identify structural changes and shifts among major countries, we examined key global issues and semiconductor trade volumes from 2007 to 2023 using U.N. Comtrade trade data.

The analysis shows a general increase in global semiconductor trade volumes since 2007, with shifts in country rankings. From 2007 to 2023, volumes declined in the West(Europe) while increasing in East Asia, particularly in South Korea, Japan, China, and Taiwan. China's accession to the World Trade Organization(2001) contributed to volume growth, while FTA and SmartPhone adoption drove increases in 2007–2008. The 2018 U.S.-China trade dispute led to a decline in China’s semiconductor trade, while trade volumes increased in Taiwan, especially in system semiconductors. This supports the recent shift in international trade paradigms from efficiency-driven offshoring to security-focused friend-shoring in the global semiconductor value chain.

Keywords

Status: accepted

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