Taiwan Semiconductor Manufacturing Company Limited

Jason oppose ×2 ▼ on 🏛️ Nvidia's Asia revenue is diverted China demand E229 · 2025-05-24 ▶ 1:05:38

That makes no sense. These guys have unlimited resources. They have unlimited ambition. That's just a naive point of view. They want these for themselves.

Sacks oppose ×3 ▼ on 🏛️ Nvidia's Asia revenue is diverted China demand E229 · 2025-05-24 ▶ 1:06:17

This idea that somehow they're going to get smuggled, it's like this totally fake concern that's been created. It's almost like a totally fake narrative.

Chamath reversal ×3 ▼ on 🏛️ Nvidia's Asia revenue is diverted China demand E225 · 2025-04-26 ▶ 53:53

after we spoke about Nvidia, the Nvidia team reached out to me. And they were like, hey, Chamath, here's a bunch of stuff that will help you unpack what you spoke about in a little bit more detail. ... And what these guys educated me on is that they've been trying to refine how this is described, but it's not what it seems, meaning they report revenue on what's called the billing or the invoicing address. ... So it turns out that that's actually not where the silicon gets shipped. So there's a Singaporean office that handles the invoicing. So then I said, well, who are these companies that are using these places? And it turns out that it's a bunch of major US companies, including US OEMs and Clouds, that use Singapore for invoicing their suppliers.

Jason support ×2 ▼ on 🏛️ Nvidia's Asia revenue is diverted China demand E224 · 2025-04-19 ▶ 27:14

Taiwan and Vietnam do not have the need for that many domestically. They're obviously flipping them to someone, right?

Sacks support ×2 ▼ on 🏛️ Nvidia's Asia revenue is diverted China demand E224 · 2025-04-19 ▶ 18:33

So there have been attempts to set up shell companies to circumvent the export controls. And it is a very big problem.

Chamath support ×3 ▼ on 🏛️ Nvidia's Asia revenue is diverted China demand E224 · 2025-04-19 ▶ 14:20

About 47% of all of Nvidia's revenue goes to China and Chinese related countries. And I think when you peel back this onion, I think what you will find is a whole raft of companies that were stood up to buy these Nvidia GPUs to essentially act as a way station for China.

Sacks oppose ×2 ▼ on 🏛️ Taiwan's US protection expires as fabs onshore — TSMC carries the risk E193 · 2024-08-23 ▶ 1:24:57

the issue with the Chibs Act is that there's a lot of good reasons to believe that even if we incentivize this, we're still hopelessly behind. And the chip fabs that we're building are just, they're still years behind what they have in Taiwan, for example. So it's not clear it's going to work, is my point.

Sacks support ×2 ▼ on 🏛️ Taiwan's US protection expires as fabs onshore — TSMC carries the risk E134 · 2023-06-24 ▶ 46:13

On Taiwan, there's an election next year. And it looks like right now that the pro-China party might actually take power. Right now, the party that's in power is more of a pro-Western party. And the reason, I think, is that the Taiwanese are looking at what's going on in Ukraine and they're looking at the corpses of the Ukrainian youth pile up. And they're thinking maybe it's not such a great idea to be an American proxy state.

Brad Gerstner support ×3 ▼ on 🏛️ Taiwan's US protection expires as fabs onshore — TSMC carries the risk E134 · 2023-06-24 ▶ 50:14

Well, it's not about being independent. It's how much longer will Taiwan have what they believe to be de facto protection from the United States. And I was told by one very influential Taiwanese family that they believe when the fifth chip fab comes online in Arizona, which I think is scheduled for 25 or 26, they intended to have most of their family members out of Taiwan at that period in time. Now, I think most Taiwanese don't envision this being, you know, a violent invasion of Taiwan. It's more of a take under in the same way that Hong Kong was.

Chamath support ×3 ▼ on 🏛️ Taiwan's US protection expires as fabs onshore — TSMC carries the risk E134 · 2023-06-24 ▶ 47:04

And I think underneath that, if I had to guess what he's trying to say about Taiwan indirectly, through his sale of TSMC is the odds are that we are not going to get into a land war over there, which means that that asset and its equity value is in danger and I don't want to own it. And I think that that's a very clinical summation of his rational action.

Jason oppose ×2 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E90 · 2022-08-05 ▶ 42:29

I would agree with that. But explain why you think there's going to be a war, because I think a lot of people think there's way too much at stake here for there to be a war. So there is going to be some sort of negotiated settlement in the South China Sea.

Chamath support ×2 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E90 · 2022-08-05 ▶ 38:32

No, but so six months from now, when all the fruits and vegetables that have been embargoed and not sent to Taiwan and then the sand that allows them to make chips continues to now flow, do you think that they'll still be positive about the trip?

Sacks support ×3 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E90 · 2022-08-05 ▶ 42:12

I think there is bipartisan support now to defend Taiwan. I actually think that is in the cards. I think there's a very high probability that we actually end up in a war with China.

Sacks support ×2 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E88 · 2022-07-22 ▶ 8:23

If chips are the new oil, Taiwan is the new Middle East or the new Persian Gulf, and it is a very dangerous situation for us to be completely dependent on Taiwan.

Jason support ×1 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E85 · 2022-06-30 ▶ 1:18:06

Okay, and you know what's also highly predictable? Is that China considers Taiwan a renegade province. ... it will be even worse with Taiwan. I mean, if we think that this is difficult. Can you imagine this kind of escalation with a capable adversary?

Jason oppose ×2 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E72 · 2022-03-19 ▶ 38:25

They would never consider invading Taiwan knowing that it would put Apple in a position or other companies that are entwined in the Chinese economy.

Chamath reversal ×3 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E72 · 2022-03-19 ▶ 37:44

what do you think the China calculus on Taiwan is looking what's happening to Russia? ... It's completely off the table, completely off the table.

Sacks oppose ×2 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E71 · 2022-03-05 ▶ 1:02:36

we can all support that because we know that Xi is watching. ... if Taiwan really wants to be independent, every adult there needs to learn how to fight and they need to have weapons.

Jason support ×2 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E71 · 2022-03-05 ▶ 1:01:15

we need to build an alliance to deal with the eventuality of China going into the South China Sea and taking over Taiwan.

Sacks support ×1 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E66 · 2022-02-05 ▶ 1:36:25

Taiwan is a much more complicated situation. I do think we have a vital national interest there.

Chamath support ×3 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E66 · 2022-02-05 ▶ 1:36:34

So I think there is good news where part of the strategic vital interests for Taiwan is because they have critical resources that we need, and we depend on, and specifically those are semiconductors. We have now, I think, allocated 50, $100 billion of capital, of CapEx across a bunch of companies that have committed to building domestic capability.

Chamath support ×1 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E63 · 2022-01-15 ▶ 15:30

I care about the fact that our economy could turn on a dime if China invades Taiwan. I care about that.

Jason support ×2 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E55 · 2021-11-13 ▶ 52:24

I've been watching the Taiwan situation like a hawk. And I don't know if you saw this this week to go off on another tangent, but the US is testing Israelis Iron Dome and Guam as a defense against Chinese cruise missiles. Obviously, for possible deployment in Taiwan.

Chamath support ×3 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E55 · 2021-11-13 ▶ 1:06:46

his motivation will be, it seems, at least to bring China back into that spectrum of power, which is really about a consolidated country and a single nation state. And that has to include Taiwan. It can't it can't not. So to your point, David, it's almost more motivation for him to go off on some crazy adventure and try to reclaim it.

Sacks support ×2 ▼ on 🏛️ China takes Taiwan and the silicon chokepoint forces US intervention E55 · 2021-11-13 ▶ 1:04:31

Yeah, what is the accomplishment that's going to really put him in that league? And you'd have to say it's the annexation of Taiwan. I mean, that's the thing that he must be looking to do before, you know, his time to reunify China. That's the thing that could put him in that league. ... And it's like the Persian Gulf because the new oil are the semiconductors, the chips that are fabbed in Taiwan at TSMC. And so all the resources that we're dependent on for the new economy are all right there.