Jay Kannan, CFA, Research Analyst, Global Equity Team
The key highlight from my meetings in Taiwan this week has centered around the supply and demand dynamics of the global semiconductor industry. On one hand, demand for everything—from smartphones to PCs to new cars and factory equipment—is rapidly changing given the slowing global economy. Supply for these chips is impacted by levels of inventory, new capacity expansion, and supply resilience, where countries and companies want to diversify their supply chain and add geographically distributed capacity in locations around the world. Generative AI technology could mean increased demand for advanced compute resources, like logic and memory chips, but also potential change to the design format of these chips.
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