One of the less appreciated risks to the global AI/ semiconductor/ datacenter trade is policy risk via taxation or some other redistributive measure. Risk from commodification, tech obsolescence or slowdown in capex spending are all kind of understood. But risk from policy measures is underestimated
@jsphctrl.ft.com“[Presidential adviser] Kim Yong-beom floated the idea of redistributing some of the soaring profits of Korea’s chipmakers... Kim said the latest semiconductor boom pointed to a prolonged supercycle that could generate huge tax windfalls for the government.“ www.ft.com/content/fefa...
ft.com
Koreans should all get an AI bonus, says presidential adviser
Samsung and SK Hynix stocks dip after policy chief comments
