[00:00] of manufacturing costs and quality? The US is looking to invest heavily semiconductors, those sorts of things.
[00:12] about all of the chips that go into There are some cutting edge chips, like you'd see AI chips but really the majority of the chips are things
[00:26] The CHIPS Act, which was announced was about a $55 billion investment. However, China has had $50 billion invested
[00:40] I think that when it comes to competing with China, we have to be very clear about where a country wants to compete. the number one exporter of cell phone cables,
[00:54] that when you look at 'em from a geopolitical lens, This means being a guaranteed buyer of some capacity. It means making it very easy for these factories
[01:08] so that you're still protecting the environment, through one environmental review versus six. China endured 20 to 25 years of pain in terms
[01:20] And so any country that's going to look to do that has because it isn't as simple The reason that Taiwan is such a hotbed
[01:35] that has become the world's of producing the cutting edge AI chips that are out there. inside of their manufacturing base
[01:49] The US wants to make sure that is outside of China's orbit and fabrications into other countries
[02:01] that perhaps the world is not going to be as globalized And so there's an effort to moving that capacity over. of defense that Taiwan has is that they have said
[02:17] And so if they are ever invaded, that would really put the whole world economy back and using things in the future
[02:32] that we can only make in one place.