Daily Cuts - When the chips are down: are semiconductors the new oil?

The US and China are locked in a trade war through tariffs and export restrictions on advanced semiconductor chips. The US is restricting chip sales to China, while China is trying to build its own domestic chip industry. The question arises: do the current sanctions on China's semiconductor industry mirror the resource wars over oil? Hairianto Diman and Susan Ng find out more on Asia First with Daniel Ives, Managing Director, Senior Equity Analyst, Wedbush Securities.