Tech Brew Ride Home Mon. 10/24 – Investing In Chinese Tech Means Investing One Man’s Whims?
Oct 24, 2022
Investor anxiety over Chinese tech stocks is rising as President Xi Jinping consolidates power. TSMC finds itself in a precarious position amid escalating U.S.-China tensions. Elon Musk's Twitter acquisition poses serious financial risks to banks, potentially making it a massive 'hung deal.' The ethical dilemma surrounding artists' work being used for AI training creates tension in the art world. Meanwhile, anticipation grows around Apple’s upcoming launches, with a nostalgic nod to Bono's infamous U2 album release on iTunes.
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Investing in Chinese Tech
- Investing in Chinese tech is now tied to President Xi Jinping's whims.
- This raises concerns for investors due to his consolidated power.
TSMC's Geopolitical Dilemma
- TSMC's dominance in chip production puts Taiwan in a geopolitical dilemma.
- The US wants TSMC to move, but this clashes with Taiwan's "Silicon Shield" strategy.
Elon's Twitter Deal and Systemic Risk
- Banks financing Elon Musk's Twitter deal face potential losses.
- They may hold the debt, impacting their lending capacity for other businesses.