Reluctance to Share Innovations Means Lost Opportunities

The Newwise website noted that Johns Hopkins professors Phillip Phan and Dean Wong Wong point to the United States technology sector as an industry that has profited from its embrace of shared, open innovation. American tech firms’ realization in the mid-1980s that Japan had become the industry’s dominant global force led them to join with the federal government in forming a research alliance called SEMATECH (short for Semiconductor Manufacturing Technology). “The SEMATECH story,” say the two, “affirms the transformative power of open innovation, with similar examples across the technology sector of companies drawing on the knowledge of their peers.”

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