The immense value of the ‘chip-dollar’
The United States recycles global savings and finds a new fuel to finance the technological race
Microsoft, Amazon, and Alphabet have reported quarterly results showing massive investment in data centers and semiconductors, which is expected to accelerate. This investment surge is driving a significant economic transformation, with the artificial intelligence boom redefining global trade flows and generating large external surpluses.
Economies such as Taiwan and South Korea, home to leading chip manufacturers like Samsung, SK Hynix, and Taiwan Semiconductor, are seeing huge capital inflows, with a combined external surplus of $625 billion this year. A substantial portion of these funds is expected to flow back to the US, supporting the dollar and feeding into US financial markets.
Foreign direct investment in the US has surged, with a 103% increase in the first half of the year, reaching over $230 billion.
Written by urgent.news from El Pais Economia's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
