Joint Ventures Reduce the Risk of Major Capital Investments
Harvard Business Review
APRIL 6, 2016
For example, in 2012, Intel, TSMC, and Samsung — three large semiconductor manufacturers based in the U.S., Another risk is the opportunity cost of not benefiting from lower investment costs. For example, the build cost of an oil rig at the bottom of the cycle may be 40% below the cost at its peak.
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