Computer Chips’ Geopolitical Heft Puts Taiwan in Spotlight – Bloomberg
Bloomberg Daybreak Middle East. Live from Dubai, connecting Asian markets to the European opens. The show will focus on global macro issues with a middle eastern context, provide expert analysis of major market moving stories and speak with the biggest newsmakers in the region.
Simulcast of Bloomberg Television
Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece.
Cerberus Drops Pursuit of Apollo’s Unit in India
Souring Relations Top Concern For Chinese Firms in UK, Poll Says
Japan Real Wages Fall Most Since 2014, Keeping BOJ Goal Distant
Fed’s Bullard Says Falling Money Supply a Good Sign on Inflation
Most US Renters Say Annual Bill Climbed by More Than $1,000
Stellantis May Shut More Plants as Electrification Costs Bite
China Builders Rally Set to Keep Momentum From State Support
Stellantis Sets Up New Car-Software Business Mobilisights
India’s Fallen Tech Darlings Are Value Buys for Franklin Templeton After $20 Billion Wipeout
Twitter Security Headaches Mount With User Data Leak Claim
McCarthy’s Fight to Become Speaker Drags Into Fourth Day
Taiwan Wants to Join WTO Talks on China’s Protest Against US Chip Sanctions
The Bad News May Soon Be Over for UK Small Caps
More Americans Tap Credit Cards for Everyday Expenses
Harry Claims William Was ‘Tormented’ Over King’s Relationship With Camilla
NFL Cancels Bills-Bengals Game With Plan to Limit Playoff Chaos
Taiwan Must Heed the Wake-Up Call From Ukraine
There’s Only One Investing Rule You Need to Know
Downbeat Global Economy Doesn’t Mean Disaster
The World’s Love Affair With Japanese Cars Is Souring
It Takes 6,000 Gallons of Water to Cool the World’s Fastest Supercomputer
The Many Forces Fueling Tesla’s $860 Billion Tumble
Dads of Congress Turn Capitol Into Day-Care Center During Vote Marathon
Nurses at Several NYC Hospitals Prepare to Strike Next Week
Big Solar Panel Manufacturers Boost Production as Costs Fall
‘Hydroclimate Whiplash’ Worsens California’s Storms and Drought
Valparaiso’s Decline Leaves Unesco World Heritage Site Graffitied, Crumbling
How Formerly Incarcerated People Won Legal Protection in Atlanta
Relentless Rents Leave Few Choices for Americans Relying on Assistance
Digital Currency Group Closes Wealth Division Amid Trouble
Crypto’s Alpha Male Culture, Explained (Podcast)
What’s to Become of Miami’s “Crypto Hub” Status? (Podcast)
Semiconductors have become the center of a fight between superpowers—and tensions can easily escalate further.
Alex Webb
Subscriber Benefit
Subscribe
Sign In
In 2022 the whole world seemed to wake up to the idea that semiconductors, rather than data, are the new oil. A confluence of factors—from Russia’s invasion of Ukraine to the fallout from Covid‑19—has turned a thesis into a widely accepted doctrine that’s spurring almost $100 billion in new state investment.
Unlike oil, data is remarkably plentiful and cheap. The real value resides in the ability to process and understand it, so chips are essential. The pandemic made much of the world realize quite how difficult life would be without them. You probably know the backstory by now: Anticipating a slowdown in customer demand in 2020, carmakers and other companies canceled many of their orders for the chips that would go into their vehicles and other products. Consumer-electronics companies swooped in and gobbled up much of the unwanted supply. Then, when demand unexpectedly resumed, the carmakers couldn’t get the components they needed. And other supply chain disruptions made the matter worse.