Nathan Lambert

And so these wives drove these dudes to go to Japan or America to have the kids there. It's an element of culture. Yeah, sure. Taiwan works that hard, but also the US has done it in the past. They could do it now, right? We can just import, I say import, the best people in the world if we want to.

And so these wives drove these dudes to go to Japan or America to have the kids there. It's an element of culture. Yeah, sure. Taiwan works that hard, but also the US has done it in the past. They could do it now, right? We can just import, I say import, the best people in the world if we want to.

And even if you can't import those people, I still think you could do a lot to manufacture most of them in the US if the money's there, right? It's just way more expensive. It's not profitable for a long time.

And even if you can't import those people, I still think you could do a lot to manufacture most of them in the US if the money's there, right? It's just way more expensive. It's not profitable for a long time.

And even if you can't import those people, I still think you could do a lot to manufacture most of them in the US if the money's there, right? It's just way more expensive. It's not profitable for a long time.

And that's the context of like the CHIPS Act is only like $50 billion relative to some of the renewable initiatives that were passed in the Inflation Reduction Act and the Infrastructure Act, which total in the hundreds of billions of dollars, right? And so like the amount of money that the US is spending on the semiconductor industry is nothing, right?

And that's the context of like the CHIPS Act is only like $50 billion relative to some of the renewable initiatives that were passed in the Inflation Reduction Act and the Infrastructure Act, which total in the hundreds of billions of dollars, right? And so like the amount of money that the US is spending on the semiconductor industry is nothing, right?

And that's the context of like the CHIPS Act is only like $50 billion relative to some of the renewable initiatives that were passed in the Inflation Reduction Act and the Infrastructure Act, which total in the hundreds of billions of dollars, right? And so like the amount of money that the US is spending on the semiconductor industry is nothing, right?

Whereas all these other countries have structural advantages in terms of like work ethic and amount of work and things like that, but also a number of STEM graduates, the percentile of their best going to that, right? But they also have differences in terms of like, hey, there's just tax benefits in the law and have been in the law for 20 years, right?

Whereas all these other countries have structural advantages in terms of like work ethic and amount of work and things like that, but also a number of STEM graduates, the percentile of their best going to that, right? But they also have differences in terms of like, hey, there's just tax benefits in the law and have been in the law for 20 years, right?

Whereas all these other countries have structural advantages in terms of like work ethic and amount of work and things like that, but also a number of STEM graduates, the percentile of their best going to that, right? But they also have differences in terms of like, hey, there's just tax benefits in the law and have been in the law for 20 years, right?

And then some countries have massive subsidies, right? China has something like $200 billion of semiconductor subsidies a year. We're talking about $50 billion in the So the girth or difference in the subsidy amounts is also huge, right? And so I think Trump has been talking about tariffing Taiwan recently.

And then some countries have massive subsidies, right? China has something like $200 billion of semiconductor subsidies a year. We're talking about $50 billion in the So the girth or difference in the subsidy amounts is also huge, right? And so I think Trump has been talking about tariffing Taiwan recently.

And then some countries have massive subsidies, right? China has something like $200 billion of semiconductor subsidies a year. We're talking about $50 billion in the So the girth or difference in the subsidy amounts is also huge, right? And so I think Trump has been talking about tariffing Taiwan recently.

That's sort of like one of these things that's like, oh, okay, well, maybe he doesn't want to subsidize the semiconductor industry. Obviously, tariffing Taiwan is going to cost a lot of things to go get much more expensive, but does it change the equation for TSMC building more fabs in the US? That's what he's sort of positing, right?

That's sort of like one of these things that's like, oh, okay, well, maybe he doesn't want to subsidize the semiconductor industry. Obviously, tariffing Taiwan is going to cost a lot of things to go get much more expensive, but does it change the equation for TSMC building more fabs in the US? That's what he's sort of positing, right?

That's sort of like one of these things that's like, oh, okay, well, maybe he doesn't want to subsidize the semiconductor industry. Obviously, tariffing Taiwan is going to cost a lot of things to go get much more expensive, but does it change the equation for TSMC building more fabs in the US? That's what he's sort of positing, right?

To the same extent, they've also limited US companies from entering China. It's been a long time coming. At some point, there was a convergence. But over at least the last decade, it's been branching further and further out. US companies can't enter China. Chinese companies can't enter the US. The US is saying, hey, China, you can't get access to our technologies in certain areas.

To the same extent, they've also limited US companies from entering China. It's been a long time coming. At some point, there was a convergence. But over at least the last decade, it's been branching further and further out. US companies can't enter China. Chinese companies can't enter the US. The US is saying, hey, China, you can't get access to our technologies in certain areas.

To the same extent, they've also limited US companies from entering China. It's been a long time coming. At some point, there was a convergence. But over at least the last decade, it's been branching further and further out. US companies can't enter China. Chinese companies can't enter the US. The US is saying, hey, China, you can't get access to our technologies in certain areas.