Sales for real estate are down over 60% for second hand homes and 25% for new homes on the back of regulatory tightening. Pricing in some areas has halved. Manufacturing PMI is flat at 50, and non-manufacturing PMI indicates contraction at 47.5.
With China making up over 30% of new equipment purchases, smartphone sales continuing to be weak, and microcontroller pricing falling, is this the end of the semiconductor shortage?
Awesome article, love to see what’s brewing and China and their real estate like Ponzi scheme. They speculate with houses like we do with stocks. Great tie in to chips. Thanks Dylan
Great article, especially the train of thought from housing to overall consumption to chip demand! What do you think will this implicate for companies such as ASML?