Hardware

I think people are thinking longer term. If companies know they can't sell to the Chinese market, naturally they're reduce supply to match, but you still have most of the same fixed costs.

It only lowers prices for a brief period, and then it jumps significantly.

• short term = oversupply = same product for lower price
• long term = company reacts to reduced market by decreasing production & support. Price jumps. Product quality declines, and possibly discontinued if bad enough.

Sanctions dont make the market more robust or healthier. They artificially carve it into pieces, which in the longterm creates poorer products, creates monopolies, and eventually ends up enforcing those monopolies by strangling off any would-be competition.

In this example:

• Losers: amd, companies dependent on amd, all consumers
• Winners: bureaucracy, government/regulators, dell, "competition" of amd i.e. nvidia&intel, financial institutions, black markets