I agree to his view to a certain extent. As developed countries evolve from a 3G to 4G or 5G economy, companies which are hot in a 3G economy will face outcast if they leave themselves stagnant and not innovative and not wanting to explore and differentiate. As new competition arise, old companies like Zeping mentioned will fade off. Depending on the location you are in, the economy will differ from others.

To sustain and head into a new and better economy, new tools are needed. No doubt Chinese companies will flourish, but with constant intervention from authorities, even the good ones will take a hit.

I like semiconductor companies. The world needs them. I personally love $Taiwan Semiconductor Manufacturing(TSM)$and $NVIDIA Corp(NVDA)$. I feel that they are the leaders of the industry. Their prices are high, but could be higher in the future. [微笑]