> Half a year later the dreams look nightmarish. Demand for silicon appears to be falling as quickly as it had risen during the pandemic. The article is remark

> Half a year later the dreams look nightmarish. Demand for silicon appears to be falling as quickly as it had risen during the pandemic. The article is remarkably ignorant of history. Nightmarish is a absurd exaggeration. With the semiconductor industry, you must invest heavily during any downturn to properly reap the rewards during the inevitable good years. Rinse and repeat across decades. > So far this year more than $1.5trn has been wiped from the combined market value of American-listed semiconductor companies Which has only somewhat to do with the semiconductor industry and everything to do with the hyper overvaluation in nearly all asset classes thanks to the Fed's prior, prolonged, low rate program. Just ask the cloud stocks (smashed), or eg Microsoft (which all by itself is missing ~$720 billion off its market cap high). Tesla has been slashed in half, it's missing nearly $700 billion all by itself too. The examples of market cap destruction in the stock market are plentiful. > In late September Micron, an Idaho-based maker of memory chips, reported a 20% year-on-year fall in quarterly sales. Oh no, what ever will Micron do. It's a true nightmare. /s They have been around for 44 years and are doing quite well. Micron understands market swings, they have lived through many of them. So have AMD and Intel. This article is one big click-bait, scaremongering nothingburger. The only thing worth considering at this moment for the US semiconductor industry, is how much more should be invested than has already been allocated. The US Government should probably put tens of billions of dollars more into the pot for advancing semiconductor R&D, training labor, partnerships with universities, et al. > It is enough to keep you awake in terror at night. No. You can be certain that this article is a particularly wonderful indicator of the exact opposite as to what is going to actually happen. ~6-10 years from now the US semiconductor industry will be stronger than ever and will still tower over China's badly flailing efforts at forcing a semi industry into existence.