The oil market used to be the driver of markets and policy - now its semis.
It is certainly true that oil seems to have less importance to markets these days.
FYI historically SMIC had a reputation for stealing IP so important chips were made at TSMC
Historically, all chip companies have started out stealing IP...
Curiously, after oil's spike (either 3x or 10x depending on your starting point) in the 70s, it flatlined for about 2 decades? Are we coming up on a period of flat semi prices as supply comes online?
you would think... but 1980s also saw supply reform, and demand management as well. not sure I see that yet here...
It is certainly true that oil seems to have less importance to markets these days.
FYI historically SMIC had a reputation for stealing IP so important chips were made at TSMC
Historically, all chip companies have started out stealing IP...
Curiously, after oil's spike (either 3x or 10x depending on your starting point) in the 70s, it flatlined for about 2 decades? Are we coming up on a period of flat semi prices as supply comes online?
you would think... but 1980s also saw supply reform, and demand management as well. not sure I see that yet here...