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(Bloomberg Opinion) -- It was a warm spring evening in Taipei and more than a hundred celebrities, founders, venture capitalists and tech executives gathered for cocktails and hors d'oeuvres.
Pitching bitcoin has become the Rick Roll of the hacking community — a funny prank rather than a nasty attack.
Last weekend some smart alecks managed to breach the defenses of one of the most ubiquitous media platforms, access the mouthpiece of the leader of one of the world’s most populous countries, and grab the opportunity to broadcast whatever they wanted to 73 million followers. And they used it to pump cryptocurrency.
Global investors are in for a treat. An extremely expensive game of one-upmanship is being played out in the semiconductor industry, where the winners will look like heroes and the rest might not even survive. All told, more than US$700 billion has been pledged over the next decade to expand production capacity for the chips that run smartphones, power data centers and one day will drive vehicles. Samsung Electronics Co is the latest to show its hand, reporting third-quarter numbers that put it on track to post record spending for this year and setting it up for even more next year. In
One of the big mistakes Washington has made during this chip shortage is to act like the U.S is the only victim and its needs usurp everyone else’s.