Bloomberg Daybreak: Asia Edition
China Chips Fund, Asia Markets
Mar 11, 2024
Topics discussed include US sanctions on Chinese tech firms, China's chip fund, TSMC building in Arizona, Asia markets impact, global economic outlook, chip war escalation, TSMC activities, China's NPC meetings, US-China tech rivalry, tech industry competition, hedging strategies with gold, miners, and Bitcoin.
26:20
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Quick takeaways
- US and China escalating chip competition with reshoring initiatives gaining momentum and challenges in building domestic chip industries.
- Market insights on potential corrections in asset classes, diversification strategies, and debates on inflation, interest rates, and bond market performances.
Deep dives
The Global Chip War: US vs. China
The podcast delves into the escalating chip competition between the United States and China, highlighting the efforts to build domestic chip industries in both countries. With disruptions in the supply chain during the COVID-19 pandemic affecting industries like automotive due to chip shortages, countries are scrambling to secure their chip supplies. While the US has been slower in its reshoring efforts, the Biden administration's subsidy initiatives are starting to gain traction, with leading chip companies like TSMC poised to receive substantial grants for chip plant development.
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