Semiconductor/equipment: Impact of US-China Conflicts on Semiconductors

URL COPY à— The author is an analyst of Shinhan Investment Corp. He can be reached at doyeon@shinhan.com. — Ed. Severe supply shortages continuing for non-memory chips Supply shortages in non-memory chips can have serious impact on the global economy by causing disruptions in the production of automobiles, smartphones, and home appliances. Auto production has already been hit by chip shortages since late 2020. Recently, supply shortages have also been confirmed for smartphone-use chips such as AP, RFIC, DDIC and PMIC. We believe smartphone parts suppliers saw shipments fall short of expectations in March despite solid consumer demand, as smartphone…