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When The Chips Are Down
The chips were down on Wednesday. Literally.
Semiconductors were summarily shellacked following a Bloomberg report that the Biden administration's weighing more export curbs in a bid to further curtail Xi Jinping's access to advanced technology.
Long story short (and the short version's really all you need here) current restrictions haven't done enough to stymie China's efforts to develop better chips. So The White House is mulling "draconian" measures aimed at cutting Beijing off from ASML an
Imo, this is a great price point at which to buy chips.
I have confidence that the CEOs of the US chip manufacturers will use their international relationships to figure out how to sell to an intermediary, if necessary, instead of selling directly to a buyer – who might be prohibited from buying due to export curbs.
Sure glad the murderous thugs of Saud will always be protected, along most likely with those of Russia. We wouldn’t want life to get more challenging for the brotherhood of kleptocrats, now would we?