Chinese chips will keep powering your everyday life

To give you a brief overview, I was told by many experts that the already-stressed global chips supply chain will be challenged even more by geopolitics in 2023. Over much of 2022, the US started to take steps to freeze China out of the industry--even forming an alliance with the Netherlands and Japan to restrict chip exports to the country. The measures have pushed the once market-driven business to come up with contingency plans to survive the cold-war-like environment--like diversifying from the Chinese supply chain and building factories elsewhere. We may see more similar plans announced in the next year. And at the same time, the US government's punitive restrictions will start to be enforced and industrial subsidies for domestic chip makers will start to be doled out, meaning new companies may end up on top while others may get penalized for still selling to China.