'sanctions are working' Sanctions are diverting massive Chinese investment inward, funding a domestic supply chain for semi-conductors, which will give rise to

'sanctions are working' Sanctions are diverting massive Chinese investment inward, funding a domestic supply chain for semi-conductors, which will give rise to global competitors for TSMC, ASML and the rest. As ASML CEO himself recently stated, 'it makes no sense to encourage (Chinese) innovation', this way if your objective is to maintain a technological lead. The magical thinking is owned by the author, whose copium / hopium has entirely replaced analysis.