Semiconductors: The samurai strikes
Technology
Japan has entered the fray and put in place restrictions on semiconductor exports that are more draconian than the US. This effectively gives the Japanese Trade Ministry life and death power over semiconductor equipment which Richard Windsor suspects in the long run will be detrimental to its health. It also makes America’s actions far more effective and deals a blow to any workarounds that the Chinese may have found to build fabs without US equipment. This reinforces Richard's view that China is in real trouble when it comes to semiconductors which will hamper and slow its rise as a technological superpower.
Edition: 158
- 14 April, 2023
Consumer Discretionary
Growing China autonomous exposure - specialises in lidar technology used in self-driving vehicles and is one fallen SPAC that Sean Maher believes has a good chance of retesting prior highs over the next couple of years given its strong niche position in a secular growth market. Alongside LAZR, Sean has been keen to add auto exposed semi / sensor names like NXP and On Semiconductor into current weakness because the consensus is underestimating just how much incremental hardware will be embedded in the average vehicle by 2025 onwards.
Edition: 140
- 22 July, 2022