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A multi-day event with David Senra in September focuses on business breakdowns and founders collaboration, emphasizing the importance of relationships in business success. Tailored for the investment community, the event fosters relationship-building through smaller breakouts and one-on-one sessions at a private location.
Attending a similar event in March 2024, the speaker highlighted how networking led to meaningful connections with individuals, underscoring the long-term benefits of such gatherings. The focus on relationship fostering at these events can lead to future opportunities and collaborations.
The episode is sponsored by public.com, offering a high yield cash account with a 5.1% annual percentage yield. Positioning itself as a competitive option against other financial institutions, public.com provides an attractive interest rate at the time of recording.
Diving into the CHIPS Act enacted by Congress in 2022, the episode explores the goal of enhancing semiconductor manufacturing capabilities in the US. With a focus on boosting competitiveness against East Asia, the act provides subsidies, tax credits, and research budgets. Todd Fisher's insights as the CIO shed light on the program's progress and strategic direction.
The episode looks ahead to the strategic vision of building leading-edge logic clusters domestically and expanding semiconductor production capacities. Targeting 20% of leading edge logic by the end of the decade, the program aims to shift the global semiconductor manufacturing landscape through collaborations with major players like TSMC, Intel, Samsung, and Micron.
With an emphasis on fostering strong partnerships and aligning interests, the episode outlines a meticulous approach to monitoring projects' milestones and success indicators. Ensuring demand alignment, workforce development, and supply chain resilience, the program remains dedicated to driving economic and national security objectives.
The discussion highlights the complexities in developing a sustainable semiconductor industry in the US, focusing on workforce development, environmental considerations, and supply chain expansion. By encouraging customer commitments and balancing economic viability with national security imperatives, the program aims to establish a resilient and competitive semiconductor ecosystem.
Looking towards the future, the episode underscores the program's objectives of shifting semiconductor manufacturing curves over the coming decade. By driving investments in leading-edge technologies and fostering collaborations with key industry players, the program aims to enhance domestic capacity and address global supply chain challenges.
The episode details the disbursement strategy, highlighting the allocation of funds based on project milestones. Emphasizing the need for alignment of interests, close monitoring of project progress, and flexibility to adapt to market dynamics, the program strives to ensure strategic and efficient utilization of funds for semiconductor manufacturing projects.
Discussions point out the bipartisan nature of the program despite upcoming elections, emphasizing a clear focus on economic and national security objectives. Program continuity and strategic planning remain vital, with a strong commitment to driving success in semiconductor manufacturing independent of political shifts.
Addressing the importance of customer demand alignment and supply chain diversification, the episode delves into the significance of securing sustainable order books and ensuring a resilient semiconductor supply chain. Collaboration with customers and stakeholders, alongside a focus on workforce development and infrastructure, underscores the program's commitment to industry resilience and growth.
We have a special episode today, breaking down the CHIPS Act. We've covered the semiconductor space in depth on Business Breakdowns, but in this conversation, we go broader. We discuss the CHIPS Act, enacted by Congress in 2022, which aimed at boosting the US's semiconductor manufacturing capabilities to better compete with East Asia.
America had been dependent on that foreign manufacturing which created massive shortages, having implications across some of our most important resources and defense systems. The CHIPS Act itself provides just under $53 billion in subsidies for US companies and the goal is to build out these capabilities with leading edge logic and memory fabrication, advanced packaging facilities, and advanced capacity for current generation semiconductors.
My guest today is Todd Fisher, CIO of the CHIPS Act office. We discuss some of the broader questions any investor might have about subsidized industry programs and how that will shift to the natural free market supply & demand dynamics that you would typically see in industries like semiconductors. It's truly a wide range of conversation and particularly timely with the recent funding announcements from the team. Please enjoy this breakdown of the CHIPS Act.
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For the full show notes, transcript, and links to the best content to learn more, check out the episode page here.
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This episode is brought to you by Public: Invest in stocks, bonds, options, crypto, and more in one place. A High-Yield Cash Account is a secondary brokerage account with Public Investing, member FINRA/SIPC. Funds from this account are automatically deposited into partner banks where they earn a variable interest and are eligible for FDIC insurance. Neither Public Investing nor any of its affiliates is a bank. US only. Learn more at public.com/disclosures/high-yield-account.
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Business Breakdowns is a property of Colossus, LLC. For more episodes of Business Breakdowns, visit joincolossus.com/episodes.
Follow us on Twitter: @JoinColossus | @ReustleMatt | @domcooke | @zbfuss
Editing and post-production work for this episode was provided by The Podcast Consultant (https://thepodcastconsultant.com).
Show Notes
(00:00:00) Welcome to Business Breakdowns
(00:05:23) Current State of the Semiconductor Supply Chain
(00:08:50) Funding and Incentives Breakdown
(00:11:23) Sustainability and Long-term Viability of Projects
(00:15:54) Building Economic and National Security
(00:18:25) Massive Undertakings in Fab Construction
(00:20:49) Vision for Success and Leading Edge Fabrication
(00:29:54) Workforce Development and Environmental Considerations
(00:36:55) Future Milestones and Program Success Metrics
(00:44:00) TSMC Moving Capacity Into the USA
(00:48:43) The Effect of the Upcoming Election on the CHIPS Act
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