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... ause the once-tense balance in the semiconductor market between the United States and Japan collapsed around 1985, causing serious damage to the U.S. semiconductor industry.

When the entire board was on the verge of collapse, the previously passive U.S. government finally drew its sword, and with the signing of the U.S.-Japan Semiconductor Agreement in 1986, Japanese semiconductor companies lost their competitive edge in the American market.

“It’s only natural—America felt the cr ...

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