bearish
Chinese EV's and the Lagging Edge Price War
268 Views14 Aug 2023 11:02
SUMMARY
- This earnings season has highlighted the robust performance of older-generation ("trailing edge") companies.
- Their inventories have also been rising. At the same time, there's a noticeable demand slump in China.
- Surprisingly, Chinese semiconductor firms are increasing their investments in older technology, known as the "lagging edge" capacity. Put the pieces together, and there’s a big story here.
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