Rene Haas

They leverage the ADAS stack that was created by Arm and then Qualcomm and NVIDIA.

So right now, the China ecosystem on software looks a lot like the West, which for us is obviously great.

And we have a very market opinion in terms of where we want things to go.

It's great if the global ecosystem remains open.

So, you know, semiconductors, which I've spent my entire career at, I started TI in 1984 and I've just been semiconductors my whole career.

There are long product cycles.

It takes a long time to develop chips.

It takes a long time to invest in fabs.

It takes a long time to define architectures and ecosystems.

If you miss a few, time is very, very, you will be punished for that.

And I think Intel has unfortunately been punished on a few areas.

They were punished on mobile, obviously, they missed that completely.

They were also punished in terms of manufacturing of going to EUV.

EUV is an advanced methodology for building the smallest chips on the planet.

They decided not to invest in that probably a decade ago at the rate that TSMC did, and they fell behind.

Once you fall behind in chips, it's very, very difficult to catch up because the cycle gets on top of you.

TSMC now has the best fabs in the world.

The leading edge companies, Apple, Nvidia, AMD, they all build at TSMC.

TSMC gets better at what they're building.

An Intel, a Samsung, they don't get the opportunities.