Huang Renxun's $500 Billion Gamble Hinges on Whether Chips Can Defy Tech's Depreciation Law

This gamble involves securitizing AI chip leasing receivables to create a new financial asset class. The core logic is that AI-boom-driven chip demand will keep chip prices elevated for a longer period. Huang Renxun cites the better-than-expected value retention of A100 chips and pledges a 25% residual value guarantee. The fundamental risk: with rapid chip technology iteration and uncertain demand, can this break the iron law of rapid depreciation for tech products?