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☆ If Taiwan is safe, chip supply chains will be secure, says Taiwan minister
▼ + stars: | 2022-10-11 | by ( David Shepardson | David Brunnstrom | ) www.reuters.com time to read: +2 min

WASHINGTON (Reuters) -Taiwanese Minister for Economic Affairs Wang Mei-Hua said on a visit to the United States on Tuesday that if Taiwan remains safe, global supply chains of vital semiconductors would also be secure. She said Taiwan is keen for more cooperation between Taiwan and the United States to ensure resilient supply chains. “If Taiwan is safe, the global supply chain will also be secure. Asked whether Taiwan was concerned that U.S. government subsidies to encourage reshoring of chip manufacturing could lessen U.S. reliance on Taiwan, she said the Taiwanese semiconductor supply chain was “very, very concrete” having been built up over more than 40 years. “We have a very huge supply chain in Taiwan, that is difficult to duplicate, or difficult to replace.” she said.

☆ Billionaire investor Stanley Druckenmiller says owning stocks 'doesn't make a lot of sense' right now as the US economy will likely go into recession in 2023 — and warns the market is in for a decade
▼ + stars: | 2022-09-29 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Billionaire investor Stanley Druckenmiller says the US economy is headed for a recession in 2023. Stanley Druckenmiller delivered a bleak message on Wednesday on the fate of the US economy: a recession is very likely sometime next year. "I will be stunned if we don't have a recession in '23," Druckenmiller said at the CNBC Delivering Alpha conference in New York. Given the poor macroeconomic outlook and the Fed's stated willingness to cause damage to the labor market, Druckenmiller said he's not bullish on risk assets like stocks right now. "You can have a period of 15, 20 years, 10 years where the market doesn't go anywhere.

☆ U.S. Companies Are Reshoring Jobs From China at Record Levels
▼ + stars: | 2022-09-27 | by ( Dion Rabouin | ) www.wsj.com time to read: 1 min

E37China’s Economy Is Slumping. Here’s What It Means for the U.S. Covid-19 lockdowns, corruption crackdowns and more have put China’s economy on a potential crash course. WSJ’s Dion Rabouin explains how China’s economic downturn could harm the U.S. and the rest of the world. Illustration: David Fang

REUTERS/Evelyn HocksteinHONG KONG, Sept 14 (Reuters Breakingviews) - China biotech’s American honeymoon is ending. Key to his initiative is ensuring that “biotechnologies invented in the United States of America are made in the United States of America”. With more bad news set to trickle out of Washington, Chinese biotech companies have a bitter pill to swallow. The order "directs the federal government to ensure biotechnologies invented in the United States of America are made in the United States of America," Biden said. Hong Kong shares of WuXi Biologics, a Chinese contract drug manufacturer, closed down 20% on Sept. 13 to HK$53.40.

☆ U.S. companies are reshoring at a rapid pace. Here's how to play the trend
▼ + stars: | 2022-08-27 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +6 min

The reshoring trend – or companies shifting parts of their manufacturing and supply chains to different countries – has boomed over the last decade. In 2022, reshoring and foreign direct investment jobs announced coming back to the U.S. is on pace hit a record high of 348,493, according to data from the Reshoring Initiative. The trend also includes companies moving parts of their supply chains or manufacturing to different countries abroad. Investing the trend There are a few ways to play the reshoring trend as it continues to unfold. Analysts covering the space generally recommend picking up stocks in companies that stand to benefit from the trend, as opposed to companies in the reshoring process.

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