Alicia Garcia-Herrero is Asia-Pacific chief economist at Natixis and a senior research fellow at Bruegel, a Brussels-based think tank.
Only companies investing in advanced semiconductors will see their margins increase


The production line of silicon wafer at a factory in Jiaxing, China, pictured in May 2021: manufacturing capacity for less advanced semiconductors will grow rapidly. © AP
Alicia Garcia-Herrero is Asia-Pacific chief economist at Natixis and a senior research fellow at Bruegel, a Brussels-based think tank.