The efficiency of industry clusters and its function of reducing risk will prevent the companies in the clusters from integrating vertically.

产业簇群的效率和对风险规避的作用会阻止簇群内的企业进行纵向整合。

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Increasingly, the industry is integrating vertically and firms are gaining control over the entire value chain.

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Apple has done a very good job thus far integrating their products vertically to work with each other.

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Our Index also confirmed that solar market leaders are focusing on vertically integrating across the value chain to capture higher margin segments.

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