Hsiao Bi-khim (Hsiao, Vice President of Taiwan)

But we do have to give credit to a number of leaders in this industry, of course, for their foresight.

For example, Dr. Morris Chang, who is now in his 90s.

I have great admiration for him for his foresight and vision in understanding how to run a business.

He came from the United States.

He was part of Texas Instruments.

He came with expertise from a very good American education.

and really put into this industry along with many other leading Taiwanese scientists who are also educated and trained in the United States and built this industry here in Taiwan.

And so we see this as not only a Taiwan ecosystem, but broadly speaking, a Taiwan-USA ecosystem of advanced technology that serves to

power, human advances that serves to protect our freedom, that serves to continue with global scientific discoveries.

And this ecosystem is so important to the extent that the G7 and other countries have repeatedly emphasized that Taiwan plays a critical role in fostering global stability and prosperity.

Well, chips power everything from your smartwatches on you to your phones to your cars, all the electronic equipment around you, microphones.

And so chips really power and connect the modern world.

And Taiwan chips, especially the advanced chips that are now widely used in smartphones, are also critically important for making those global connections, enabling the internet, enabling AI.

And we will continue to contribute in a way that helps to advance technology.

Oh, for sure, yes.

You know, there have been estimates of somewhere between 20 to 50% of maritime, the value of global maritime trade.

Yes.

Well, you know, U.S.

government officials have been talking about 50% of global maritime trade.

And, you know, if we look at container value and other, you know, shipping records, it's at least 20% and beyond.