Smart Contract Mechanism in Semiconductor Procurement System

Abstract

The pivotal role of semiconductors in propelling the rapid advancement of technologies, such as artificial intelligence, electric vehicles, and robotics, has prompted global attention toward bolstering semiconductor competitiveness.A fabless firm's performance is a determinant factor in this landscape.However, the dominance of established global fabless firms in the semiconductor market presents formidable barriers to the ingress and expansion of new entrants.Consequently, this study advocates for a novel semiconductor business model utilizing smart contracts based on emerging blockchain technology.To substantiate the efficacy of this model, a survey encompassed 106 semiconductor experts across 11 nations.Results indicated that 75% of respondents perceived an enhancement in fabless growth of the semiconductor business model.They affirmed the potential for acquiring new clientele, thereby highlighting the significance of this business model in furnishing a novel growth trajectory for fabless semiconductor companies seeking entry into the global market.