Rene Haas

I was at Carnegie Mellon a couple weeks ago.

They now have microelectronics classes for chip design.

That was gone a number of years ago.

There weren't even people designing chips.

So I think getting manufacturing operations excellence into the universities, making that a field of

of discipline that the universities get behind to build up that capacity in the US, I think that's required.

You've brought up a great point.

And I think we may even have a couple of those in the queue that hasn't been approved for a couple of years.

You're right, semiconductors have not been regulated traditionally.

And because of that, if you look at the real heart of what drives semiconductor growth, compute,

whether it's Intel, whether it's ARM, whether it's NVIDIA, that's the West.

And why is that the West?

Because that requires both innovation at the chip level and a global software ecosystem.

And the world works really well when it's flat.

And there isn't constraints relative to who you sell to or how ecosystems get built.

If you shut off supply of a computing architecture into other parts of the world, what will happen?

Certain parts of the world that have the capabilities either in terms of people, technology, innovation, they will find a way.

And they will find a way around the problem.

And once that happens, you've now created two parallel universes.

And then the US and the West would be at risk of that other ecosystem being an ecosystem of choice.