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Huawei’s Chipmaker Warns Global Tensions Creating Chip Glut

hist78

Well-known member
"(Bloomberg) -- Semiconductor Manufacturing International Corp. warned that a hoped-for smartphone market recovery is another year out, and that geopolitical tensions are fomenting a serious glut in global chipmaking capacity."

 
In the US consumer spending is trending up, China as well. I think Christmas spending will say a lot about 2024. My guess is that TSMC will come close to a flat year this year and will grow double digits next year, absolutely.
 
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