Ken Griffin of Citadel says US playing with fire by depriving China of semiconductor tech<p>Griffin spoke with Bloomberg, his points on the US China tech war:</p><ul><li>US is "playing with fire" by depriving China of semiconductor technology as it could result in a conflict over Taiwan, then "immediate Great Depression," with US GDP taking a 5-10% hit</li><li>"If we lose access to the Taiwanese semiconductors, the hit to U.S. GDP is probably order of magnitude 5 to 10%. It's an immediate Great Depression," </li><li>"We are utterly and totally dependent on the Taiwanese for modern semiconductors in America."</li></ul><p>The interview is a long one, just under half an hour, but if you do want to watch it:</p>
This article was written by Eamonn Sheridan at forexlive.com.
Source: Ken Griffin of Citadel says US playing with fire by depriving China of semiconductor tech (https://forexlive.com/news/ken-griffin-of-citadel-says-us-playing-with-fire-by-depriving-china-of-semiconductor-tech-20221116/https://forexlive.com/news/ken-griffin-of-citadel-says-us-playing-with-fire-by-depriving-china-of-semiconductor-tech-20221116/)
forexlive.com