Balaji Srinivasan

Semitech was actually rational import substitution.

And the way it worked was as follows.

Rather than slapping broad brush tariffs on everything from, you know, French wine to like Canadian maple syrup, which none of which is strategic.

And it's just like the most retarded form of nationalism on the planet.

Like the, instead you say, okay, I can see my full supply chain.

this thing is really important.

Therefore, what Sematech did is they said, okay, rather than import from the Japanese, that's supplier A. We're going to stand up supplier B in America.

And we're going to do that because since we know all the customers of supplier A,

since we did the mapping of the social network, they can be investors in supplier B, and it's in their interests, right, to stand up a second supplier, and they can also make a profit if it does well, right?

And now the first guy can do price discounts, and so you take away their margin.

That's the way you do surgery rather than butchery on a supply chain, right?

Let me pause here.

I know of him.

I know of him.

Yeah.

I think the guy you're talking about is a government official.

It's all very up and up.

But go ahead, yes.

And like, you know, it is itself non-self-recognition, right?

Like, basically, the ultra-nationalists, the jingoists, have such an overactive immune system that they have tagged everybody who is non-American as enemy.