Tim Byers

Okay.

Well, let's talk about how this probably plays out, and then I'll give you a thought.

I think the first thing is,

Musk, he's done some crazy things.

He's not stupid.

I think he might be what my friend Bill Mann likes to sometimes call Harvard stupid, where he's so arrogant that he thinks he can't be wrong.

I think that is a feature of Elon Musk.

But he knows enough to know that he can take this in stages.

And I do think there is a stage where TeraFab can come in and solve a problem, and that's with memory.

I don't know that they're going to go straight to the most advanced chipmaking, Travis.

I don't think they would be smart to do so.

But if you are filling part of the capacity constraints for memory, that would be super interesting.

And who do you partner with to get there?

I'm not entirely sure who that would be, wouldn't surprise me if it was like a Samsung.

But you mentioned, where do you go for investing in this type of opportunity?

I'll give you two that I think are interesting.

One is, you've already mentioned, which is Intel, and I know the stock is up materially, but the stock is up materially on Intel Foundry doing nothing, bupkis, really hasn't done anything.

Right.

You're talking about 14A, now it's not exactly this, but that's sub-2 nanometer.

It does make sense.