Semiconductors: The Geopolitics of the New Oil
Patrick Boyle On Finance
00:00
Should the US and Europe Really Be Imitating China's Top-Down Authoritarian Approach?
Intel, TSMC and Samsung had all announced investments in US facilities worth almost $70 billion so more than the CHIPS Act. The Chinese approach where the government decides which sectors receive investment has led to all sorts of market distortions in China. This is a big part of their malinvestment problem. We've seen Xi's policies wipe two trillion dollars off the value of Chinese tech stocks in the last few years.
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