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Josh Chin

👤 Speaker
91 total appearances

Appearances Over Time

Podcast Appearances

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

anytime soon, they just don't worry about it as much.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

Yeah, you know, I think the big general concern for the U.S.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

right now is that warfare is kind of moving to these sorts of cheap, disposable weapon systems like the Shahed drone.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

And that the parts used in those weapon systems are very common.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

I mean, the engine we're talking about is kind of like a motorcycle engine or a scooter engine.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

And so these things are really easy to hide in the flow of global trade, unlike, say, a nuclear weapon or a ballistic missile, which use these very unique parts that are easy for nonproliferation officials to sort of spot and stop the trade of.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

So we're sort of going into this new era where the U.S.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

is just not going to be able to control the spread of weapons the way it used to.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

Yeah, so we talked to the Treasury Department and what they told us is that they are, you know, they recognize that they can't really stop this.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

And so their ultimate aim is to just disrupt it as much as possible.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

And the way they're trying to do that is by cutting off funding sources.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

So Iran funds a lot of its weapon purchases through the sale of oil to China.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

The U.S.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

is basically trying to disrupt the ability of those oil revenues to be used

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

by Iran.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

You know, they have succeeded in some ways in sort of forcing the, you know, Iranian and Russian drone programs to rely more on Chinese parts rather than other sort of more sophisticated Western parts that they were buying earlier.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

And the Chinese parts are not, you know, they're not as good.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

And so the drones don't perform as well.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

So there is some benefit to that.

WSJ What’s News
Samsung Hits $1 Trillion Milestone as AI Demand Soars

My pleasure.