Patel claims China has the most vertical semiconductor stack and could run fabs independently unlike TSMC.
“China has the most vertical stack in semiconductors today and they're the best at semiconductors in the world because their fabs could still run somewhat on a lot of things because they have built some of these chemical supply chains. Right? Like TSMC for certain kinds of chemicals 100% share from Japan.”
Patel predicts semiconductor shortages will return as the primary constraint in 2027 after power constraints ease.
“But it will fully beach semiconductors again in '27. Right? And so we see this across the entire space of the ecosystem. It's not just TSMC.”