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The global chip industry is very sensitive to the economic cycle, but its cutting edge technology enjoys very healthy margins, that could cushion some of these planned tariffs.

“We remain focused on managing through the current economic cycle by controlling the controllables.”

Three factors are at play: environmental, economic cycle related and human.

The economic cycle of cocoa production refers to the inherent patterns of expansion and contraction in cocoa farming.

“It’s just magic the way these tiny chips are enabling the modern economic cycle we are in today,” Gelsinger said.