Lisa Su

That'll distract me, Carrie.

That'll distract me, Carrie.

That'll distract me, Carrie.

Chips Act is good. I thought the Chips Act was pretty historic in the sense that, you know, for semiconductors to get to the level that it requires industrial policy for the United States, that's a big thing. That's a big thing.

Chips Act is good. I thought the Chips Act was pretty historic in the sense that, you know, for semiconductors to get to the level that it requires industrial policy for the United States, that's a big thing. That's a big thing.

Chips Act is good. I thought the Chips Act was pretty historic in the sense that, you know, for semiconductors to get to the level that it requires industrial policy for the United States, that's a big thing. That's a big thing.

It is absolutely industrial policy. Look, we didn't benefit directly from the CHIPS Act. We didn't get any particular funds. But I'm a big believer in US manufacturing is a good thing. And the CHIPS Act was a good catalyst to start people really taking the bold steps to bring manufacturing back to the US. Because it's expensive, the chaos involved.

It is absolutely industrial policy. Look, we didn't benefit directly from the CHIPS Act. We didn't get any particular funds. But I'm a big believer in US manufacturing is a good thing. And the CHIPS Act was a good catalyst to start people really taking the bold steps to bring manufacturing back to the US. Because it's expensive, the chaos involved.

It is absolutely industrial policy. Look, we didn't benefit directly from the CHIPS Act. We didn't get any particular funds. But I'm a big believer in US manufacturing is a good thing. And the CHIPS Act was a good catalyst to start people really taking the bold steps to bring manufacturing back to the US. Because it's expensive, the chaos involved.

It's expensive. And frankly, I mean, we're all human beings, right? So if you don't have incentives to do something, you won't necessarily do it, even though you know that it's a good thing to do. I think it's accelerated a bit, right? I was very pleased to see TSMC increase their investments by $100 billion. That's huge. I think there was a big thing that people... learned from this thing.

It's expensive. And frankly, I mean, we're all human beings, right? So if you don't have incentives to do something, you won't necessarily do it, even though you know that it's a good thing to do. I think it's accelerated a bit, right? I was very pleased to see TSMC increase their investments by $100 billion. That's huge. I think there was a big thing that people... learned from this thing.

It's expensive. And frankly, I mean, we're all human beings, right? So if you don't have incentives to do something, you won't necessarily do it, even though you know that it's a good thing to do. I think it's accelerated a bit, right? I was very pleased to see TSMC increase their investments by $100 billion. That's huge. I think there was a big thing that people... learned from this thing.

Because it used to be that there was a belief that you couldn't build the same performance, power, yield here in the United States. That frankly, it was hard. We didn't have all the systems built and all of that. What has been really good over the last you know, sort of several years as we've started bringing some of the manufacturing back to the United States.

Because it used to be that there was a belief that you couldn't build the same performance, power, yield here in the United States. That frankly, it was hard. We didn't have all the systems built and all of that. What has been really good over the last you know, sort of several years as we've started bringing some of the manufacturing back to the United States.

Because it used to be that there was a belief that you couldn't build the same performance, power, yield here in the United States. That frankly, it was hard. We didn't have all the systems built and all of that. What has been really good over the last you know, sort of several years as we've started bringing some of the manufacturing back to the United States.

Like TSMC has now said on record that their yields and capability in Arizona are as good as, you know, the chips that they build in Taiwan. And we see it. Like we see it in our own products. Like it's fantastic. And I think that's like a clear existence proof, like, yeah, actually, you can bring advanced manufacturing back to the U.S., and it's a good thing to do. Now, we need much more of it.

Like TSMC has now said on record that their yields and capability in Arizona are as good as, you know, the chips that they build in Taiwan. And we see it. Like we see it in our own products. Like it's fantastic. And I think that's like a clear existence proof, like, yeah, actually, you can bring advanced manufacturing back to the U.S., and it's a good thing to do. Now, we need much more of it.

Like TSMC has now said on record that their yields and capability in Arizona are as good as, you know, the chips that they build in Taiwan. And we see it. Like we see it in our own products. Like it's fantastic. And I think that's like a clear existence proof, like, yeah, actually, you can bring advanced manufacturing back to the U.S., and it's a good thing to do. Now, we need much more of it.

Yeah, that's right. They would say the scale is not what it needs to be. So the idea that we need to go faster and we need to have more manufacturing, you know, let's call it eggs in the U.S. basket, make perfect sense. Right. It is more expensive. We just have to realize that it's more expensive. But the resiliency aspect of it and the sovereignty aspect of it make for good business.

Yeah, that's right. They would say the scale is not what it needs to be. So the idea that we need to go faster and we need to have more manufacturing, you know, let's call it eggs in the U.S. basket, make perfect sense. Right. It is more expensive. We just have to realize that it's more expensive. But the resiliency aspect of it and the sovereignty aspect of it make for good business.