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single most important however, not only are chips to china is weak but we are also seeing chip exports to taiwan, the us and europe are all declining. which means that we believe that the global it investment cycle is turning to a down cycle is turning to a down cycle after, during the pandemic ever, they had increased a lot of their investment, so probably this will also lead to weak chip demand for a while. i'd make you mention to china which is a hugely important market for chip producers as well but of course there have been some tensions, haven't there? between washington and china, beijing. but also involving japan and other countries it comes to semiconductor exports. yes, that is true. the current chip down sector is more driven
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