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‘Samsung semiconductor technology is underrated,’ former Google CEO says

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Eric Schmidt, former CEO of Google and chairman of the National Security Council for Artificial Intelligence (NSCAI), said Samsung Electronics semiconductor technology is underrated.

On October 10, Chairman Schmidt expressed his belief that this technology could partially replace semiconductor manufacturing which is biased toward the electronics industry in an interview with Nihon Keizai Shimbun (Nikkei).

Schmidt highlighted Samsung Electronics’ role in a situation where Taiwan is facing geopolitical tensions due to its relationship with China, which is a source of high-tech semiconductors for countries around the world.

According to him, the U.S. and China will continue to rely on Taiwan for semiconductors for the foreseeable future.
The Taiwan-led technology of TSMC, he said, “Cannot be imitated in the U.S. by spending a lot of money.”

In regard to U.S.-China relations, he said, “Some people think that the Sino-American relationship should be viewed as an enemy, and any relationship, such as trade, should be cut off. This is not the right approach,” he added.

Regarding the spread of regulations on giant information technology (IT) companies such as Google, Apple, Facebook, and Amazon (GAFA) in countries around the world, Schmidt said, “Measures that escape common sense, such as splitting up a company, because they lead to a decrease in competitiveness with China, are of no use.”

For MetaNews.

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Jonathan Hobbs

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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