Chip Industry Under Pressure

This chapter explores the financial challenges faced by major semiconductor companies like NVIDIA and AMD due to U.S. restrictions on chip sales to China. It discusses the implications of these export controls, ASML's disappointing order numbers, and the broader effects on the semiconductor industry amid trade tensions. The chapter also highlights the potential benefits and higher costs of localized chip manufacturing in the U.S., emphasizing the role of AI in shaping the industry's future.