To The Moon

Chip Slump would only be getting worst for the facts

1) Recession is happening now. Chips suppliers won't be spared. Companies & individuals would hold back spending on pc replacement to save costs.

2) Biden keeps imposing chips sales sanctions on China using NSA reasons & disregard on the interest of chips makers 

3) With oil price keeps on hiking, demands for new cars will be dropping. Each new cars consume 50-300 chips. So, easily millions chips will be evaporated.

4) Tech & fintech companies have stopped new hiring...even worst many are firing workers to normalize spending. So, demands for pc & servers will be drastically reduced.

5) Phone sales are not immuned to recession. Many phone makers are forecasting flat demands or not admitting to reduce on demands 😂 5G are not seriously promoted in US or EU as those countries are now busy to contain high fuel & electricity costs 

6) With electricity bills hike, Bitcoins mining becomes uneconomical. Mining pc demands will grind to halt.

7) Now it is chips and robotics age. Robotics and AI are deemed as threat to US National security issues. Every action China does to enhance in these aspects would be counteracted by US. Chips makers might be discouraged to move forward as profitability on high-end chips are limited.