Dr. Sean Wang, President of ITRI International (North America), and Dr. Tomoya Yamashiki, Director of Corporate Research and Business Development, Toray Industries (America), discuss possible changes in Silicon Valley's role in the global R&D frameworks and strategies of major Asian firms and research institutions. A session in the autumn weekly series of lectures and panel discussions presented by the US-Asia Technology Management Center, School of Engineering, on "Global Technology Development: The Changing Role of Asia."