America: Land Of The (Not Really) Free

Asia Leads Global Value Rotation On Chip Woes By Abishek Vishnoi, Bloomberg Markets Live reporter and strategist A rotation from growth to value stocks is more pronounced in Asia than anywhere else globally, as doubts grow over the chip rally’s staying power. MSCI’s gauge for value stocks in Asia Pacific has risen about 6% this quarter, compared with a 2% drop in its growth counterpart, on track for its biggest outperformance since January-March 2022, according to data compiled by Bloomberg. The gap is wider than the swings in the US and Europe...

Follow The Risk Via SchiffGold, Tracing the distribution of risk is an important method that is helpful for understanding the trade-offs of any government action. Almost every government action reduces risk for some group and repackages the risk and forces another group to bear it. The government often serves as a hedge against risk, but it is important to understand who the payer is and what the costs are before blindly signing off on state control. The most common form of risk relates to the concept of "concentrated benefits, dispersed costs."...

World's Largest Chipmaker, Taiwan Semi, Accelerates Local DRAM Supply Chain With Winbond Collaboration In a time of heightened scrutiny on the memory supply chain, overnight the world's largest chipmaker, Taiwan's TSMC, is reportedly building out a domestic DRAM supply chain in Taiwan amid a severe global memory shortage, bringing in Winbond as a partner, UDN reported. TSMC and Winbond are collaborating on a localized DRAM supply chain using 3D wafer-on-wafer (WoW) stacking technology, where Winbond would supply DRAM memory wafers to be stacked with TSMC's logic wafers. The move is designed...