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2024-07-16 13:43:23

:redstar: Spartacus on Nostr: new analysis confirms #US semiconductor companies are losing tens of billions of ...

new analysis confirms #US semiconductor companies are losing tens of billions of dollars in sales. In an 18-month period following US sanctions against Chinese chip exports, US companies lost an average of 770mil in market capitalization.

Micron has lost 50% of its revenue, while Qualcomm will experience billions in lost sales of 7nm chips, now manufactured by China's #smic

Apparently #EU isnt the only morons that has completely failed in its sanctions.

https://www.newyorkfed.org/research/staff_reports/sr1096
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