Why F1’s Toto Wolff Says Losing Is a Good Thing. As CEO, co-owner and team principal of the Mercedes-AMG F1 team, Toto Wolff commands a billion-dollar enterprise that had an unbelievable run of success – until now. But Wolff says losing is a good thing.
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Semiconductor chips
Photographer: Dario Pignatelli/Bloomberg
Subrat Patnaik and
Ryan Vlastelica
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Semiconductor shares have led the US stock market’s recovery over the past three months even as the outlook for the industry darkened, leading to plenty of skepticism that the rally can go much further in the short term.
The problem for would-be bulls is that demand for chips, particularly for those used in smartphones and personal computers, is still tanking. That’s led to weak quarterly results or warnings of disappointing sales from bellwethers such as Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co.
