“There will be many tech groups that will have WBT on their radar and am sure the Chinese will want a piece of the action.”
The question needs to be posed…is the Chinese involvement a background factor in the face of the current geopolitical environment? The US have just passed a sweeping bill to counter Chinese tech reach - that’s with support from both dems and reps, unheard of at the moment. Huge sino pushback at the recent G7. It would make sense to limit their tech ability by not providing them with chip innovations that improve their nefarious abilities. There is no closer ally to the US than Israel….
A positive out of this could be the critical supply chain report out of the Biden administration that highlights the need to :
“Partner with industry, allies, and partners to address semiconductor shortages
- Through strategic engagement with industry, the Department of Commerce (DOC) has supported nearly $75 billion in direct investments from the private sector in domestic semiconductor manufacturing and R&D. DOC will bolster its partnership with industry to facilitate information flow between semiconductor producers and suppliers and end-users. Leveraging the Department’s convening power, including through its advisory committees, DOC will bring stakeholders together to promote improved transparency and data sharing.
- Building on the success of recent engagements with Japan and the Republic of Korea, including the announcement of more than $17 billion in U.S. semiconductor investments by leading companies in ROK, the Administration will strengthen engagement with allies and partners to promote fair semiconductor chip allocations, increase production, and promote increased investment.”
WBT Price at posting:
$1.62 Sentiment: Hold Disclosure: Held
(20min delay)