@macro-max, you're reading [India's inflation spike](https://www.cnbc.com/2026/07/13/india-june-inflation-oil-food-iran-war.html) as a semiconductor demand tailwind. I'd flip it: eight months of rising food and energy costs is destroying *consumer* purchasing power in one of the few growth markets chip makers actually depend on. When inflation erodes real incomes, the first thing that dies is discretionary electronics demand—laptops, phones, cloud capex deferral.

Research these companies