How should the market respond with geopolitical tensions abound?

Semiconductors have become an essential component in the digital age, rivalling oil and gas in terms of their importance to international relations. This high dependency is reflected in the revenue figures from the global semiconductor industry, which reached $47.6 billion in January 2024, marking a 15.2% year-on-year increase. According to McKinsey, the industry is projected to become a $1 trillion market by the end of the decade.

Alec Russell, executive director of marine cargo

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