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($) Less is More: 2023 Annual Letter
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Topics: Investing • Quarterly and Annual Letters •

($) Less is More: 2023 Annual Letter

  • Kevin Xu

    Kevin Xu

    Author and founder of Interconnected. See "About Interconnected" for more information.

    More posts by Kevin Xu.

    Kevin Xu

Kevin Xu

12 Jan 2024

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Topics: TSMC• Industrial Policy• Semiconductor•

TSMC Hedges Against a CHIPS Act Fail

The much-lauded CHIPS Act is not going well. And TSMC, which is supposedly to be one of the Act’s biggest beneficiaries, is starting to hedge against a failing industrial program.  Since its passage 16 months ago, the Act’s implementation led by the

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🤷Does China Want Generative AI?

My first post of 2024 tries to answer a question I’ve been wrestling with throughout 2023. Does China want generative AI? Increasingly, I think the answer is: not really.  On balance, China as a whole (minus the small, elite circle of tech entrepreneurs,

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Kevin Xu 3 Jan 2024
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