“The pursuit of self-reliance, a catalyst of vertical globalization, will accelerate in 2023, affecting every aspect of technology,” he says. “Automakers in China are buying their own ships to export their cars to the world,” he adds, and points to Apple’s plans to move production outside China.
Another trend to watch will be the fight over the semiconductors that power our smartphones, computers, automobiles and home appliances. Prakash says semiconductors are set to upend world affairs in 2023, and become an area of competition between the US and China.
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