He remained with CMN for a year, then pooled resources with mechanic Guglielmo Carraroli to buy an old Isotta Fraschini Grand Prix car. A new fuel-injection system boosted the base 2.2-liter four to 110-horsepower (from 95), while the 3.1-liter V-6 that was standard in the Z24 and optional in RS convertibles and wagons remained at 140 horsepower. To recall, the Philippines only scrapped the negative COVID-test requirement for fully vaccinated inbound travelers in late May of 2022, while the mandatory wearing of face mask while outdoors was dropped almost four months after that, in September. At the same time, China’s growing capacity and cost-competitiveness encourages foreign OEMs to source cheap legacy chips from China while focusing resources on cutting-edge tech development. The picture looks very similar in mature nodes at 50-180nm: China currently controls around 30% of 50-180nm manufacturing capacity globally, and that could climb to 35% global capacity within the next 5 years (Figure 2) if all fabs in China that have been announced as of March 2023 are built according to plan. This could have a profoundly negative impact on Chinese companies designing cutting-edge chips for cloud computing, deep neural networks, and other applications that require massive amounts of computing power-an alarming prospect for China as the United States is embarking on a new innovation era in areas like generative AI.
