16 korrents from this recording
Every claim below is a statement made in this recording, quoted word for word and linked to the second it was said, so you can hear it rather than take our word for it. The wording comes from the transcript published alongside the recording; the sentence above each quote is our reading of the claim, not their wording.
Their wordsJust I explained to President Trump, TSMC when they started they have the Taiwan government as a shareholder. If you look at Japan, you look at Singapore, this is the infrastructure US government get to provide the support.
Their wordsIt's a service business. It's a trust business. If people want to give you, you know, orders to have wafer to come, if the yield not good, they will be toast in term of revenue miss.
Their wordsAnd eventually, you have to really move into a full stack. So, not just a silicon, you need to have a software, and some of the customer asked me, "Give me the whole rack." So, there's a system that you have to build.
Their wordsHe and I, we share the same view that semiconductor infrastructure actually is not catch up with the AI growth.
Their wordsSo I think clearly the AI is changing the whole landscape. And uh I think the impact will be bigger than internet. And uh it's more profound also.
Their wordsOne is of course everybody knows power constraint. Some country the power they just don't have that. They get impacted. And then secondly, a lot of people didn't realize the helium impact can be also very significant for semiconductor. And then the thirdly, is everybody know right now memory is a bigger shortage.
Their wordsAnd you have to have a robust and resilient supply chain. You cannot just depend on one or two player in different geographical. And so, I think, you know, the more and more people going to realize making in United States is critical.
Their wordsSo I think I can see you know, right now we have 18A and then now we do going to production of 14A. I can see 10 and 7. And so I think that path I think we can get there, but going to be more and more expensive and more difficult to do. And that's why we need partners. We cannot just do it ourselves alone.
Their wordsand then the power and the cost and then you can double the performance but you cannot double down on the cost and and area. So those are the thing you have to give give way unless you find some new way of material new way of design.
Their wordsSo I think power, thermal, those become the bottleneck. So I think I always look at from what is the problem we try to solve? Is it real? Is customer crying for it?
Their wordsAnd usually I like the customer is hyper scale. They have the scale. If they like what you have, they're willing to pay millions of dollars next few years. And even giving some warrant is worth it because you have a big one customer, you can scale.
Their wordsAnd then frankly speaking, I look back nine of the 10 company I invest halfway they change their business plan because market have changed.
Their wordsif you look at it 10 years from now, what are we be the winning company? This is just my personal view. The one that articulate and laser focus on one niche area and also find the right partner and also able to scale the company.
Their wordsAnd then in terms of the capital intensive like AI in a factory and also the foundry and then you really need to tap either government funding or some sovereign fund
Their wordsYou know, right now there's a massive build-up in term of the AI, you know, the I think it's the right thing to do. I don't see that in anything to slow it down uh because the workload is increasing a lot.
Their wordsSo you know, just like internet, you can see some of them turn out to be very big like Amazon, like the Netflix and then some of them is kind of go sideways and disappeared or being acquired. And so I think to me is the same approach.