Trillions of Dollars in One Square Mile

How do you see the geopolitical landscape playing out? Obviously, we have this huge dependency on Taiwan right now, and that has major implications. And if tomorrow we were able to have our own foundry producing our own chips, what are some of your predictions for geopolitical changes? If you were the president of the US, Well, it's a huge strategic lever, right?

I mean, we all sort of know that. And it seems like the US government realizes that it's not just a national security issue, it's an economic security issue, right? Because there's not just AI chips, which are notionally national security. But, you know, if you look at the top 10 companies in the world by market cap, one of them is TSMC, and 7 others are American firms that depend almost entirely on TSMC's ability to produce chips. Right, so a huge, huge— I mean, it's literally trillions in revenue at risk if you were to lose access to not just TSMC generally, but one specific cluster of fabs in Taiwan within a square mile. So it's a pretty insane risk concentration.