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Huge implications of semiconductor shortage
Short term, the chip famine will hit German and Mexican growth
Two countries with a high reliance on vehicle production + low domestic semiconductor output
@TS_Lombard
1/4
Short term, the chip famine will hit German and Mexican growth
Two countries with a high reliance on vehicle production + low domestic semiconductor output
@TS_Lombard
1/4
Rising demand and prices is evidently a big positive for NE Asia semiconductor exporters
We are still overweight Taiwan and Korea equities and FX
Leading indicators point to some massive yoy export prints in coming months
2/4
We are still overweight Taiwan and Korea equities and FX
Leading indicators point to some massive yoy export prints in coming months
2/4
Longer term semiconductor nationalism is here to stay.
DM leaders are now consious of major production vulenerabilities for high tech components. Political and financial capital is shifting accordingly
https://hubs.li/H0GM09-0
3/4
DM leaders are now consious of major production vulenerabilities for high tech components. Political and financial capital is shifting accordingly
https://hubs.li/H0GM09-0
3/4
Back to the current cycle Taiwan's growing geo-economic importance is going to stress US-China-Taiwan relations
Taipei will use chip monopoly as leverage to win concessions from the West. Expect major progress on FTAs, political recognition and FX intervention
4/4
Taipei will use chip monopoly as leverage to win concessions from the West. Expect major progress on FTAs, political recognition and FX intervention
4/4
