Over the past two years, the global semiconductor landscape has experienced significant shifts, most notably under the shadow of heightened Sino-US tech tensions.
The broader technological contest between the US and China extends beyond tariffs and trade. Semiconductors, integral to modern innovation, have become a focal point of this rivalry. Our CEO Camellia Chan spoke to Singapore’s Lianhe Zaobao about how Flexxon has undertaken pre-emptive actions to mitigate any fallout from this geopolitical situation and diversify its operations.
She shared, “Our prior groundwork is coincidentally aligned with the CHIPS Act’s objectives, offering potential avenues in the US semiconductor market.”
What is the CHIPS Act?
The U.S. Congress’s recent CHIPS Act is designed to foster domestic chip manufacturing through a $7 billion grant program, signalling a significant policy shift. While the Act aims to reduce dependence on global suppliers, especially from “countries of concern,” its long-term market implications remain a topic of debate.
A Sector in Flux
The semiconductor industry, while showcasing robust growth, is not immune to market uncertainties. Economic considerations, from inflation to energy costs, have direct repercussions on consumer demand patterns. Nonetheless, emerging trends suggest potential growth vectors. The automotive industry’s pivot towards electric vehicles, and the rise of IoT and AI applications, hint at untapped market potential.
In sum, the semiconductor domain, characterized by its interplay with geopolitical dynamics and economic fluctuations, continues to evolve.
Read the full article here: https://www.zaobao.com.sg/finance/world/story20220808-1300829