archiveTony Dong

In his 2022 book, "Chip War: The Fight for the World's Most Critical Technology," author Chris Miller highlighted a crucial vulnerability in the global semiconductor supply chain, with significant implications for the U.S. as a modern superpower.He points out that a significant portion of the world's semiconductor manufacturing capability is concentrated outside the U.S.: 37% of the world's new computing power is produced by chips from Taiwan, 44% of global memory chips are produced by two Korean companies, and all of the world's extreme ultraviolet lithography machines, crucial for manufacturing...

In 1975, the financial industry witnessed the introduction of the first money market fund, and a year later the first equity index fund became available to retail investors.These groundbreaking offerings provided individuals with access to diversified portfolios and stable, liquid investments, revolutionizing how everyday people could save and invest their money.Then, in 1986, the introduction of the industry's first bond fund marked a significant step forward for DIY investors. Prior to this innovation, individuals looking to invest in bonds were typically reliant on financial advisors or had to navigate the...