AssassinsMace
Lieutenant General
I thought China was uninvestable... That was the point of Gina Raimondo making that statement thinking people were going take her word as being as good as gold thus not invest in China. It must be a huge blow to her ego that after she makes that statement stocks that have anything to do with the Chinese semiconductor industry skyrocket. Two guarantees... Chinese will do it cheaper than the West and when Chinese get into the game, competitors are wiped-off the board. Sure the US can just pass a law telling Western companies not to buy and use Chinese semiconductors... and their products won't be able to compete with ones that use Chinese chips thus they go bankrupt. The West puts out this notion that they use the best chips in everything. They use 3nm chips in their toasters that would cost thousands of dollars each? That's why China dominating "legacy chips" is an issue and so alarming to them now. They don't need the best chips in everything but they like to think that's the case and that's why they didn't see the importance until now.