georgemagnus1 · TEXXR

Good piece on China's industrial policy in semis, where yet again overcapacity in chip production is a shoo-in. Whether as trace or security threat or both, US and Europe, most countries in fact, need a strategy to deal with it.

2024-01-29 View on X

Financial Times

China's chipmakers are ramping up production capacity, helped by the country's subsidies, raising concerns among western nations about China flooding the market

Chris Miller / Financial Times :

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This is important in the great decoupling debate. Ok, de-risking if you prefer. It's fair to say that when it comes to trade per se, not much decoupling is evident. But elsewhere it's everywhere. 1/6 https://www.ft.com/...

2023-07-17 View on X

Financial Times

Sources: US consulting firms like McKinsey and BCG split their IT systems to decouple China data, as Beijing expands anti-espionage rules and data regulation

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Also US IRA looks to decouple from China's control over critical minerals essential to EVs and batteries such as lithium, cobalt, nickel and magnesium. So decoupling is in a lot of places and also in the trade data that belongs to the future if not now 6/6

2023-07-17 View on X

Financial Times

Sources: US consulting firms like McKinsey and BCG split their IT systems to decouple China data, as Beijing expands anti-espionage rules and data regulation

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Weird how when Chinese firms are sanctioned, there's a crowd that goes 'it'll backfire, China will try even harder'. When US firms are sanctioned, they go ‘disaster’. China bans Micron's products from key infrastructure over security risk via@FT https://www.ft.com/...

2023-05-22 View on X

Bloomberg

China says Micron's products caused “significant security risks to our critical information infrastructure supply chain” and warns operators against buying them

less than 2 months after it's announced. The Micron ban applies to major Chinese cos, but impact could be broader. https://www.wsj.com/... via @WSJ Bill Bishop / @niubi : Did they ...

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File under ‘decoupling’. The open secret in this space is the attempt to change supply chain geography in the coming decade. Doesn't have to be in Texas and Ohio only. Global chipmakers to expand in Japan as tech decoupling accelerates via @FT https://giftarticle.ft.com/...

2023-05-18 View on X

Financial Times

Chipmakers TSMC, Samsung, Intel, Micron, Applied Materials, IBM, and Rapidus announce plans to increase manufacturing and deepen tech partnerships in Japan

Seven of the world's largest semiconductor makers have set out plans to increase manufacturing and deepen tech partnerships in Japan …

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Taleb is surely spot on with this. You could argue that SVB was wrong/naive to bloat itself with too many deposits, but the crass thing it did was was take such long duration risk in Tsies/Agencies. Why didn't the VC crowd call it out? (Rhetorical) https://twitter.com/...

2023-03-15 View on X

Wall Street Journal

As SVB collapsed, prominent investors, internet provocateurs, and others helped fuel concerns over the US banking system, creating a “Twitter-fueled bank run”

Rapid spread of concerns prompts lawmaker to call it ‘Twitter-fueled bank run’ — The Collapse of Silicon Valley Bank: What You Need to Know

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Taleb is surely spot on with this. You could argue that SVB was wrong/naive to bloat itself with too many deposits, but the crass thing it did was was take such long duration risk in Tsies/Agencies. Why didn't the VC crowd call it out? (Rhetorical) https://twitter.com/...

2023-03-15 View on X

Washington Post

Interviews with 20 people detail the Biden admin's response to SVB's and Signature's collapse, as tech executives and investors lobbied to protect all deposits

It seemed like a simple question: Did the treasury secretary have any concerns about the economic risks posed by Silicon Valley Bank?

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“If I'm in the industry, I would leave the country.” ..... Missing Chinese dealmaker Bao Fan casts chill across tech sector via @FT https://www.ft.com/...

2023-02-20 View on X

Financial Times

The disappearance of China Renaissance's Bao Fan, coming as Beijing eases its tech crackdown, casts a chill across China's tech sector and worries executives

In May 2021, a group of Chinese banks agreed to lend $300mn to investment bank China Renaissance with a condition: if Bao Fan … Tweets: @jameslmcgregor , @gilliantett , and @george...

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V interesting and more extensive story of a tale we've heard before about slow but inevitable decoupling https://twitter.com/...

2022-12-03 View on X

Wall Street Journal

A look at Apple's efforts to reduce dependence on Foxconn; sources: Apple wants other suppliers in China, Vietnam, and India to actively plan product assembly

Burned by Covid lockdowns and worker protests at Foxconn plants, the iPhone maker is looking to diversify the supply chain that has powered its growth

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You can come up with reasons on a case by case basis to see China blazing a trail that many liberals would support to act against consumer technologies that add little to economic welfare and may undermine it /3

2021-08-03 View on X

Wall Street Journal