Gilder’s Guideposts Newsletters
Congress Falls for the Long Con
We do not like to add to the heavy load Messrs. Musk and Ramaswamy face at their newborn Department of Government Efficiency. Yet we fear the standard litany of waste, fraud, and abuse ignores the most self-destructive tendency of government. Government is gullible. Politicians and civil servants are the among most easily conned members of […]
China Strikes Back, Intel Takes a Bullet
For decades, Intel stood as a beacon of U.S. semiconductor dominance. Now with the company staring into the abyss, it’s time to recognize how badly U.S. sanctions against China have backfired against U.S. chipmakers. Designed to cripple China’s semiconductor industry, these sanctions instead have propelled Chinese chipmaking to new heights and evoked Chinese counterstrikes including […]
Terrible News: U.S. Sanctions Against Chinese Semiconductor Firms May Be Working… for Now
U.S. sanctions forbidding China from buying elite semiconductor devices, or the equipment to make them, is forcing the breakup of a global semiconductor ecosystem that overwhelmingly benefited both nations. As the globe’s largest buyer of semiconductor devices and equipment, China provided hundreds of billions of dollars in revenue to U.S. chipmakers, effectively funding the ongoing […]
Intel Surrenders
Let us bow our heads in thankful recognition of the end of an era in the fabled, fabulous history of electronics. This past Monday, Pat Gelsinger resigned as CEO of Intel (NASDAQ: INTC), a post he held for less than four years. Having joined Intel as a precocious teenager and protege of the great Andrew […]
Needed for America: An AI Alliance by Intel, TSMC and Nvidia
Note from George Gilder: I have long admired Dr. Robert Castellano, and his Information Network, for superb insight into semiconductor markets. This week, I proudly welcome him to the Gilder Technology team. For readers, one benefit is that starting next week I will be able to do two Gilder’s Guideposts a week, one as usual […]
Thrown to the Wolves: A Tale of the CHIPS Act
In January of 2020, we recommended that our Gilder Technology Report readers invest in Wolfspeed (WOLF), an American company and leader in semiconductor devices made not from silicon (Si) but silicon carbide (SiC), a so-called “wide bandgap” semiconductor, like a diamond in the rough. Think of a new diamond age, consisting of wide-bandgap diamonds made from […]
Locking in the Trump Trade
What every investor (at least for the traders among us) wants to know is whether the Trump trade will be long or short, robust growth or more stagnation. Ignore the current Trump rally. That’s all about mood, and just as shifty. Whether it’s better to short Trump or bet on him depends on how many […]
Don’t Worry, Neither One Will Get Much Done
We usually write these columns the day before they are published, which this time means we are writing on the morning of Election Day. Knowing that our column will be published on a day when no one is talking about anything but what happened the day before (and might still be happening) is surprisingly inhibiting. […]
Is the Trade War Immolating U.S. Patents?
It is axiomatic that developing economies with little native innovation are patent violators, while developed, high-innovation economies are patent protectors. The United States followed just the pattern—Washington urged Americans to steal British technology. So has China. Now, China is the world’s leader in new patent filings–46% of all filings in 2022–and has become a notable […]
Doctor Lyle Lovett on Intel and the CHIPS Act
Doctor Lyle Lovett on Intel and the CHIPS Act For critiques of industrial policy, subsidies, tariffs, the CHIPS Act and the like, many eminent economists are available. Our favorite is Dr. Lyle Pierce Lovett, Texas A&M ’78, for his sage advice to CEOs everywhere. Just one mistake, one wrong move, advises Dr. Lovett, can turn […]