Lennart Heim

I don't think the U.S.

government can say tomorrow like, oh, actually, Taiwan, Netherlands, South Korea, meh, we don't want anywhere.

Then they got a problem, right?

Because these are key allies in the semiconductor supply chain.

So I'd be more, way more keen for countries to pick like their part in the supply chain, right?

This is just how it works.

be it a local community, be it on a global scale, to pick it there and then localize certain things where they feel like they've got a say or they've got potentially some bargaining there if they eventually needed to.

And then again, I think just building data centers gives you at least the physical control over this computing power.

And then we should just ask the question, which part of the tech stack do you want to localize?

What is the most important?

I don't have the answers here.

I mean, two point, let's flip it around.

You just said like, well, you build a data center and the next year it's outdated.

Nice thing is about, you can enter the race pretty late.

You can get a good share of compute, right?

If I now build a data center with like B200s and video's newest chip over H100s, here we go, right?

It's way easier.

And if you look at like these compute shares, and again, like me crunching all these numbers, you just see how, like to some degree, volatile they are, right?

If you just build like a couple of big data centers, you're suddenly in lead.

You're right.