Dylan Patel

Where did that stop?

What happened was, you know, the funniest thing was like, you know, you had companies that used to do it all in the one.

And then suddenly, sometimes a guy would be like, I hate this.

I think I know how to do better.

Spins off, does his own thing, starts his company, goes back to his old company, says, I can sell you a product that's better, right?

And that's the beginning of what we call the semiconductor manufacturing and equipment industry.

Like basically- Like in the 70s, right?

Like everyone made their own equipment.

60s and 70s, like they spin off all these people.

And then what happened was that the companies that accepted-

you know, these outside products and equipment got better stuff.

They did better.

Like you can talk about a whole bunch, like there are companies that were totally vertically integrated in semiconductor manufacturing for decades and they are, they're still good, but they're nowhere near competitive.

When TSMC launched the foundry industry, right, and when they started, there was a whole wave of, like, Asian companies that funded semiconductor foundries of their own.

You had Malaysia with Solterra.

You have Singapore with Chartered.

You had – there was a wide semiconductor where I talked about earlier.

There's ones from Hong Kong.

Bunch in Japan.

Bunch in Japan.