major players in the semi conductor industry like Nvidia.AMD and Micron are reporting a downturn in demand and Micron says it will now reduce spending on new plants. This news in turn is a drag on the NASDAQ. The semi conductor space in general is struggling. Ironically this is happening together with the massive chips bill being passed in the US. Such odd circumstances can sometimes be the perfect opportunity to take a different direction and AXE could well be positioned to take advantage. The old generation of semi conductor tech is winding down, the next generation will re vitalise it.
AXE will am sure carefully consider many factors when choosing who their future chip-maker is. And when they do, it won't just be a major commercial announcement for the market but a shift also to the next generation of chips. If it takes, say a year for the US semi conductor plants to come online, they also hopefully are equipped for this new challenge. Let's see what unfolds. Some patience required now, while factors beyond AXE's technical achievements come into play.
my comments here are specific to the 12CQ chip.
AXE Price at posting:
82.0¢ Sentiment: Hold Disclosure: Held
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