Joanne Feeney

And now that we have these GPU-based accelerators and innovations in fabric, like what Celestial is bringing to Marvell and what Broadcom already does, it is speeding up all of these computations, making far more applications possible across all industries.

Yeah, so X-Lite is developing a new laser technology.

And that is a fundamental ingredient to doing lithography, right?

ASML being the leader in extreme ultraviolet lithography, which depends on these very high-end lasers.

So X-Lite's taking a different approach to laser development.

And what's interesting is, and also reminds me of my past, is that this $150 million investment by the federal government, by the CHIPS and Science Act, the work is going to be done at a place called Albany Nanotech,

which is where I got my start in the semiconductor industry 20-plus years ago.

And it's a location for collaborative R&D for development of new manufacturing techniques, development of new materials, development of new recipes for designing and building chips.

And all the major players in the industry are there, and it's pre-competitive.

And so for X-Lite and Pat Gelsinger to be doing it there with the support of the federal government sort of –

enhances this model of get some public support for a technology that can be spread and help the industry, broadly speaking, and does go towards this effort to enable more chip equipment design and manufacturing to eventually occur in the United States.

It's going to take a long time.

These programs, as I was involved with back in the early 2000s, they take many years, but it's a great way for the U.S.

to subsidize a general technology, which could ultimately help the U.S.

position in equipment manufacturing.

Yeah, good morning, Ed.

We're seeing all of that from AMD.

And let's start with the old boring part of AMD, right?

The PC CPUs, the standard server CPUs, where they're clearly continuing to gain share versus Intel.

And that's a good cash generator for the company.