Apple's $200B valuation wipeout may foreshadow a post-US tech future(businessinsider.com)
businessinsider.com
Apple's $200B valuation wipeout may foreshadow a post-US tech future
https://www.businessinsider.com/apple-200-billion-drop-sign-post-us-tech-future-near-2023-9
10 comments
[deleted]
So naive—-or is this just—click, click, clickbate.
why is anyone surprised by this? I remember that the main discussion around the new China chip embargo was basically that it will only lead to China expediting their domestic chip industry.
But does China want to be doing that?
The fact that they weren't growing their domestic chip industry at the rate that they were before the embargo tells you the answer to that question is no, they do not want to be doing this.
With that in mind, why do they not want to be doing this? What is the opportunity cost for China?
The fact that they weren't growing their domestic chip industry at the rate that they were before the embargo tells you the answer to that question is no, they do not want to be doing this.
With that in mind, why do they not want to be doing this? What is the opportunity cost for China?
China absolutely do want that. For one, reducing the world's dependence on Taiwan-made semiconductor will demotivate some countries from backing the island nation on its independence claims.
Yes, obviously on some level they want it, but they didn't start focusing on it until they were forced to, so obviously on some level they also didn't want it.
If necessity of the mother of invention, a chip embargo is IVF.
China is banning Apple for the government officials. They aren't banning Apple from selling in China. And even when Huawei still had access to US tech, their phones were not a serious threat to iPhone. Apple's ecosystem force its user to basically stay within Apple. Moving out is a really painful process. Not to mention we still don't know how much Huawei can scale this. I doubt they have the capacity of TSMC even on the 7nm