Silicon Valley Is Still On Top Of The World

Not long ago, Japan's giant electronics companies seemed to have everything they needed to carve off a mikado-size chunk of the U.S. computer market. They dominated the production of key components, including memory chips and the flat-panel displays now used in laptops. They had low-cost capital and rich conglomerates behind them to fund an effort to do unto computers what they had already done to autos, chips, and consumer electronics.

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