Andrew Feldman

Well look, the increase in memory has been very good for us because we don't suffer it, right?

Well look, the increase in memory has been very good for us because we don't suffer it, right?

This has given us opportunity.

This has given us opportunity.

We use SRAM and there's no shortage of SRAM.

We use SRAM and there's no shortage of SRAM.

The cost of SRAM hasn't changed.

The cost of SRAM hasn't changed.

And, you know, no SRAM maker, because TSMC etches it into your chip while they're making the logic.

And, you know, no SRAM maker, because TSMC etches it into your chip while they're making the logic.

There are no extra margins to pay the HBM maker.

There are no extra margins to pay the HBM maker.

And so we have been advantaged in this environment.

And so we have been advantaged in this environment.

We have been advantaged by the fact that there are constraints on CoAus at TSMC.

We have been advantaged by the fact that there are constraints on CoAus at TSMC.

We don't use CoAus.

We don't use CoAus.

We are advantaged by the fact that we're at five nanometer and the three nanometer node is the most oversubscribed.

We are advantaged by the fact that we're at five nanometer and the three nanometer node is the most oversubscribed.