Note: This article is a premium article that first appeared on Patron. This was written in mid 2020, but the underlying industry structure remains very relevant today. If you enjoy articles like this, do consider supporting Financial Horse and getting access to premium articles, my personal stock watch list, as well as my personal portfolio allocation. Part I of the Semiconductors article was very well received, so we’ll follow up with Part II today. (Sidenote: Part III is already out for Patrons, check it out here if you’re keen) We’ll talk a bit about China’s semiconductor progress, TSMC/AMD/MU, and address some great questions from you guys on investing in this industry. China’s Semiconductor Progress So I was talking to a guy who works in semiconductors in China. This is how he described the state of China’s progress right now:

• Design of Chips – 1 to 2 generations behind US, Huawei is an exception where Hisilicon is on par with (or close to) the best like Qualcomm

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