Alice Han

Because certainly there is an argument that you're seeing in the mainland in media amongst people who follow this closely that they need to limit the amount of NVIDIA chips that they bring in because they want to kickstart their own industry.

So walk me through a little bit whether or not this has a compute advantage for China.

And secondly, whether or not China will actually take these chips.

Great point.

And looking to the Chinese industry as a whole, you know, your book really, if anybody hasn't read it, they need to read it.

It really lays the foundation for this ongoing competition between the US and China over semiconductors.

How do you assess the Chinese semiconductor industry today versus when you wrote that book?

Because certainly there's a lot of hype

about Chinese homegrown talent.

You just mentioned a couple, Huawei, Cambricorn, Morse Threads more recently.

How are you looking at their capabilities when it comes to the ground up?

Because there's a lot of attention being paid to the sector right now.

So they really do need to rely on US imports or imports from other countries, especially as they gear up on AI capacity.

Maybe we can talk a little bit about the AI implications, because I know you follow this very, very closely.

And certainly one argument that you hear is that the chip side is a critical hardware constraint for China as it tries to compete with the US on compute

on training and ultimately on AI models.

How are you seeing this AI broader competition between the US and China?

And do you think this recent announcement of the H200 really changes the dynamic in this AI competition between the two powers?

And if I hear you correctly, you're saying that the chip side still remains significant in this broader AI competition, because if the Chinese can't create its own homegrown versions that are as efficient and as productive, then that's seriously going to be a limitation on their compute capabilities.

And we're seeing that knock-on effect with the models that have been coming out of China.