Andrew Feldman

And that's maybe leaving a little less for other devices, consumer electronics.

And that's maybe leaving a little less for other devices, consumer electronics.

I think the geopolitics are a real issue.

I think the geopolitics are a real issue.

We are well ahead in chip making.

We are well ahead in chip making.

Within a few square miles of Santa Clara, you had Intel, you had AMD, you had Nvidia, you have our team, you have one of ARM's great teams.

Within a few square miles of Santa Clara, you had Intel, you had AMD, you had Nvidia, you have our team, you have one of ARM's great teams.

You have six of the world's great 10 chip teams.

You have six of the world's great 10 chip teams.

I think the way you get good at building high-speed chips is to build high-speed chips.

I think the way you get good at building high-speed chips is to build high-speed chips.

And that's really how you do it.

And that's really how you do it.

That's right.

That's right.

It turns out you get better at the game.

It turns out you get better at the game.

And that's been a weakness in the Chinese chip-making ecosystem.

And that's been a weakness in the Chinese chip-making ecosystem.