The Future of the Semiconductor Industry in the US

The likelihood of war, I think by any estimate, is higher than it was five years ago. The world relies on Taiwan for the production of over one third of the new computing power we add each year. China would be hurt just as much as anyone else if those Taiwanese chips are a key input into what most of China's exports go to. But mutually assured economic destruction, if you will, is a force that mitigates against conflict.