What is next in the pipeline?

Nobody really knows what was said between Putin and Jinping earlier in the year. China already accounts for a hefty proportion of world semiconductor production and in particular photovoltaics or solar panels. It is largely due to China that solar becomes cost effective.

There are oil and gas on one hand and solar power on the other.  The car industries import control electronics. Production of Audi, BMW and Mercedes uses outsourced chips. They need energy.

When China invaded Tibet, nobody stopped them. They skirmish with India and are flexing their muscles in the South Pacific. Unluckily for Tibet it did not have oil or 5nm semiconductor process fabs…

America is still seeking vengeance ~two decades on…


From Wikipedia

“In semiconductor manufacturing, the International Roadmap for Devices and Systems defines the 5 nm process as the MOSFET technology node following the 7 nm node. In 2020, Samsung and TSMC {Taiwan semi. } entered volume production of 5 nm chips, manufactured for companies including Apple, Marvell, Huawei and Qualcomm.

The term “5 nanometer” has no relation to any actual physical feature (such as gate length, metal pitch or gate pitch) of the transistors. It is a commercial or marketing term used by the chip fabrication industry to refer to a new, improved generation of silicon semiconductor chips in terms of increased transistor density (i.e. a higher degree of miniaturization), increased speed and reduced power consumption.”

Semiconductor stocks under pressure as Taiwan tensions mount

Aug 2 (Reuters) – Semiconductor stocks fell globally on Tuesday as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan, which China claims as its territory, fueled a fresh escalation in tensions between Washington and Beijing.

China views the visit by Pelosi, second in the line of succession to the U.S. presidency and a long-time critic of China, as sending an encouraging signal to the pro-independence camp in Taiwan and has repeatedly warned against it.

Taiwan is home to the world’s biggest manufacturer of semiconductors on contract, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) (2330.TW). Shares of the company closed down 2.4%, while peer United Microelectronics Corp (UMC) (2303.TW) fell 3%.

Taiwanese stocks (.TWII) dropped 1.6%, marking their biggest percentage decline in three weeks, while stocks in China posted their biggest fall in more than two months as mounting tensions unsettled Asian financial markets.

“The outlook for trade in Asia is likely to weigh on semiconductors, given how much of the world’s global production comes from Taiwan,” said Michael Hewson, chief markets analyst at CMC Markets UK.

Semiconductor stocks globally felt the heat. Germany’s Infineon (IFXGn.DE) declined 2.3%, while Dutch firms ASML (ASML.AS), ASMI (ASMI.AS) and BESI (BESI.AS) fell between 3% and 4%.

U.S. chip stocks such as Nvidia Corp (NVDA.O), Intel Corp (INTC.O), Qualcomm (QCOM.O) and Micron Technology Inc (MU.O) dipped more than 1% each in trading before the bell.”

{Taiwan is probably the biggest market for ASML lithography kit}


Liz Truss is well liked in Russia 😉

From The Independent

Undiplomatic: Russia’s Sergei Lavrov says Liz Truss Moscow meeting was like ‘talking to a deaf person’

A high-profile diplomatic meeting between British foreign secretary Liz Truss and her Russian counterpart Sergei Lavrov on the festering Ukraine crisis on Thursday, ended up descending into accusations, recriminations and sarcastic taunts about the British foreign secretary’s supposed lack of geographical knowledge.

With Ms Truss warning of new sanctions against Russia, the talks in Moscow, the latest in a series of prominent efforts to avoid war in Europe, ended up being some of the most acerbic to have taken place yet, with Mr Lavrov claiming it was “like the conversation with a deaf person… who is here, but does not hear”.

Ms Truss had earlier warned Russia about the repercussions of military action, saying: “This would be a prolonged and drawn-out conflict. The UK and our allies would put in place severe sanctions targeting individuals and institutions.”

The icy Moscow meeting came on a day of fevered British political activity with Boris Johnson meeting Nato secretary-general Jens Stoltenberg in Brussels before travelling to Poland and warning that Europe was entering its “most dangerous moment” in decades.

Meanwhile, Russian troops began 10 days of military exercises with neighbour Belarus.

The British effort to avert war in eastern Europe came after similar moves by French leader Emmanuel Macron, who visited Moscow earlier this week to speak to Russian president Vladimir Putin.

Ms Truss said she was in Russia to “pursue the path of diplomacy” but her discussions with Mr Lavrov were decidedly fractious.

At a press conference, there was an exasperated sigh from Mr Lavrov when Ms Truss went on to insist that London “is resolute in pursuing a diplomatic path” to try to prevent a conflict taking place, something “Boris Johnson is very much behind”.

Mr Lavrov, referring to the interaction said: “It’s like when they say that Russia is waiting for the ground to freeze so that tanks can easily enter Ukraine. It seems that our British colleagues were on similar ground today, off which bounced all the facts we presented them.”

Then declaring “ideological approaches, ultimatums and moralising is a road to nowhere”, the Russian foreign minister stalked off, awkwardly leaving Ms Truss standing alone on the podium at the end of the conference.

But tales of a fractious first meeting between Mr Lavrov – one of longest serving foreign ministers in the international scene – and Ms Truss – one of the newest – did not end there.

Kommersant, the Russian newspaper reported that behind the scenes when Ms Truss demanded that Russia pulls back its force from Ukraine’s borders, Mr Lavrov asked: “You do recognise Russia’s sovereignty over the Rostov and Voronezh regions?”

After a brief pause the British foreign secretary replied: “Great Britain will never recognise Russia’s sovereignty over those regions.” The two regions are, of course, parts of Russia as, according to the report, the UK’s ambassador to Moscow, Deborah Bronnert, had the delicate task of explaining to her foreign secretary.

Later the British embassy in Moscow seemed to confirm the apparent gaffe, tweeting (in Russian): “During the meeting it seemed to me that Minister Lavrov was talking about a part of Ukraine. I have made clear that these regions [Rostov and Voronezh] are part of sovereign Russia.”

A Foreign Office official refused to comment on whether Ms Truss may have confused Rostov and Voronezh with Donetsk and Luhansk in eastern Ukraine, which became separatist republics, with Russian backing, following the conflict of seven years ago.

This is the second time that the Kremlin has mocked Ms Truss’s alleged issues with geographical locations. Last week, Russia’s foreign ministry mocked the foreign secretary for saying Britain was sending supplies to its “Baltic allies across the Black Sea” – two bodies of water that are 700 miles apart.

Subsequently, Russian Foreign Ministry spokesperson Maria Zakharova wrote in a blog post. “If anyone needs saving from anything, it’s the world, from the stupidity and ignorance of British politicians.”

The Foreign Office later said Ms Truss had been talking about separate geographic areas of support.

Meanwhile, in Warsaw, Mr Johnson said that he believes Mr Putin has not yet decided what he might do with Ukraine, adding that the west must use “sanctions and military resolve plus diplomacy”.

“Poland and the UK won’t accept a world in which a powerful neighbour can bully or attack,” he said before meeting British soldiers in Poland. He added that if the Russians “want less NATO on their western borders, as it were, this is exactly the wrong way to go about it”.”

…..Britannia rules the waves…


What could possibly go wrong with another impulsive Prime Minister who says things on the hoof? She has already pissed off Sturgeon. Truss, if elected, will become another thing that the SNP can weaponize in their struggle for independence…

You can’t make this stuff up…

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