Ian King

We've effectively said, hey, we're prepared to give you something better.

The question now is whether China actually wants that and how Beijing will react.

We have the president saying that he's cleared it with his counterpart in Beijing, but we haven't really seen a concrete response on how that will manifest itself in terms of orders or shipments.

Yeah, I mean, it's multiple times better.

It's still a mainstream chip.

It's still in widespread use in the world's data centers.

It's not, of course, NVIDIA's latest.

It's nowhere near as good as the Blackwell generation, but it's still very, very good.

And according to our analysis, it's a lot better, which is more important than anything else that the Chinese can make themselves.

Yeah, I mean, as you know, China has been cut off from advanced semiconductor manufacturing, including TSMC.

So the chips that it can make itself are constrained by the actual amount that it can make, but also the quality that it can make based upon the manufacturing capabilities of plants inside China.

Yeah, I mean, as we put in our story yesterday, we had some reporting on that and an exclusive for us.

This is going to be a different arrangement because these ships are made in Taiwan.

What's going to happen apparently is that they're going to be imported into the U.S., which would make them subject to an import tariff.

So that's how we basically the U.S.

government gets paid and then they become re-exported to China.

First of all, I love those old photos that you have of Ted back from, I guess, the release of Lillehammer.

Right.

Absolutely, yeah.

So I'll give you a quick summary of the dilemma there.