📈 Data to start your week

Optimistic semiconductors; Amazon‘s scale; Chinese cars; flailing France

Good morning,

This is the second test edition of our new column Data to start your week, a Monday morning round-up of key data to orient your attention this week.

We’ll keep the text to 250 words or less, so you can read it in one minute or less.

This is a minimally viable test. Share your feedback in the comments or email me back to let me know if this email serves you. Thanks! 🙏🏽

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1. More than half of the EBIT (basically earnings) of the global semiconductor ecosystem is invested in R&D, an estimated $541 billion this year. R&D growth is outpacing earnings development. This is an industry with a deep sense of optimism.

2. Amazon is a master of building multi-deca-billion dollar business segments. Revenues of its smallest, subscriptions, are about the same as those of Best Buy or Dow Chemical.

3. Around the world in $10bn: Meta’s plan to build its own global optical network.

4. More than 10 million EVs will be sold in China this year, pushing domestic gasoline demand down perhaps by as much as 30% over the next five years.