Nathan Lambert

I'm not quite a geopolitical person, but it's obvious that the world regime of peace and trade is super awesome for economics. But at some point it could break, right?

I'm not quite a geopolitical person, but it's obvious that the world regime of peace and trade is super awesome for economics. But at some point it could break, right?

I'm not quite a geopolitical person, but it's obvious that the world regime of peace and trade is super awesome for economics. But at some point it could break, right?

raw materials from all over the world. The US would just shut down the Strait of Malacca. At the same time, the US entire... You could argue almost all the GDP growth in America since the 70s has been either population growth or tech. Right. Because, you know, your life today is not that much better than someone from the 80s outside of tech. Right.

raw materials from all over the world. The US would just shut down the Strait of Malacca. At the same time, the US entire... You could argue almost all the GDP growth in America since the 70s has been either population growth or tech. Right. Because, you know, your life today is not that much better than someone from the 80s outside of tech. Right.

raw materials from all over the world. The US would just shut down the Strait of Malacca. At the same time, the US entire... You could argue almost all the GDP growth in America since the 70s has been either population growth or tech. Right. Because, you know, your life today is not that much better than someone from the 80s outside of tech. Right.

You still, you know, you know, cars, they all have semiconductors in them everywhere. Fridges, semiconductors everywhere. There's these funny stories about how Russians were taking apart laundry machines because they had certain like Texas instrument chips that they could then repurpose and put into like their machines. They're anti-missile missile things, right? Like their S-400 or whatever.

You still, you know, you know, cars, they all have semiconductors in them everywhere. Fridges, semiconductors everywhere. There's these funny stories about how Russians were taking apart laundry machines because they had certain like Texas instrument chips that they could then repurpose and put into like their machines. They're anti-missile missile things, right? Like their S-400 or whatever.

You still, you know, you know, cars, they all have semiconductors in them everywhere. Fridges, semiconductors everywhere. There's these funny stories about how Russians were taking apart laundry machines because they had certain like Texas instrument chips that they could then repurpose and put into like their machines. They're anti-missile missile things, right? Like their S-400 or whatever.

You would know more about this, but there's all sorts of like everything about semiconductors is so integral to every part of our lives.

You would know more about this, but there's all sorts of like everything about semiconductors is so integral to every part of our lives.

You would know more about this, but there's all sorts of like everything about semiconductors is so integral to every part of our lives.

I don't think it's necessarily breaking the reliance. I think it's getting TSMC to build in the US. So taking a step back, TSMC produces most of the world's chips, especially on the foundry side. There's a lot of companies that build their own chips. Samsung, Intel, STMicro, Texas Instruments, analog devices, all these kinds of companies build their own chips and XP.

I don't think it's necessarily breaking the reliance. I think it's getting TSMC to build in the US. So taking a step back, TSMC produces most of the world's chips, especially on the foundry side. There's a lot of companies that build their own chips. Samsung, Intel, STMicro, Texas Instruments, analog devices, all these kinds of companies build their own chips and XP.

I don't think it's necessarily breaking the reliance. I think it's getting TSMC to build in the US. So taking a step back, TSMC produces most of the world's chips, especially on the foundry side. There's a lot of companies that build their own chips. Samsung, Intel, STMicro, Texas Instruments, analog devices, all these kinds of companies build their own chips and XP.

But more and more of these companies are outsourcing to TSMC and have been for multiple decades.

But more and more of these companies are outsourcing to TSMC and have been for multiple decades.

But more and more of these companies are outsourcing to TSMC and have been for multiple decades.

Sure. So historically, supply chain was companies would build their own chips. It would be a company started. They'd build their own chips. And then they'd design the chip and build the chip and sell it. Over time, this became really difficult because the cost of building a fab continues to compound. every single generation.

Sure. So historically, supply chain was companies would build their own chips. It would be a company started. They'd build their own chips. And then they'd design the chip and build the chip and sell it. Over time, this became really difficult because the cost of building a fab continues to compound. every single generation.