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On semiconductors, HSBC Private Bank's Global CIO Willem Sels says, "in terms of delays and in thinking about how different parts of the stack react to the delays, therefore do we change our positioning? And I think we do. We have done so: we are much more in the cloud and in the applications." He speaks to Bloomberg's Tom Mackenzie, Anna Edwards, and Guy Johnson on "The Opening Trade." (Source: Bloomberg)
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