00:07I would say, again, the Taiwan supply chain is incredibly important to the entire global semiconductor industry.
00:14We work very, very closely with all of our partners.
00:17In general, I think for all businesses, it's good to have geographic diversity,
00:22and so we encourage all of our partners to have geographic diversity.
00:25But there's no question, Taiwan is absolutely critical for the semiconductor supply chain and very, very critical for AM
00:32GC.
00:32We knew that we have the VENIS, right? It's 2nm from TSMC, but
00:37TSMC's 2nm is very tight with the capacity.
00:40How do we ensure our capacity?
00:43Well, I would say that we're very excited about VENIS.
00:46It's our newest CPU product.
00:48It has a very high adoption rate across all of the largest hyperscalers
00:54and cloud enterprise customers.
00:57And we have a very close partnership with TSMC,
01:00so I have a lot of confidence that we will be able to supply what the market needs.
01:04The overall situation, TSMC has worked with all of us,
01:09and especially we're a very close partner,
01:11is there's very, very high demand.
01:13For the next several years, we can see very high demand,
01:17and so we need more advanced wafer capacity.
01:20I really thank TSMC for their tremendous efforts to bring more capacity on board.
01:26I think the U.S. facility in Arizona has done extremely well for us,
01:31and we look forward to more capacity worldwide to satisfy this high demand.
01:58I think we have a very good business model,
02:02which is we partner with the largest suppliers out there.
02:05So that's fab,that's back-end capacity,that's all of the various elements.
02:10I think we're going to keep our business model the way it is,
02:13but we are planning much more closely with our partners.
02:17So think about before if you plan one year or two years,
02:21now we're talking about planning three, four, five years together,
02:25because you can see that we need to ensure that you have all of the capacity come up at the
02:31same time.
02:39So when I was here,I think it was May?
02:43Yeah, May.
02:43May, right.
02:44We announced a 10 billion dollar investment in the supply chain here in Taiwan.
02:49I'm happy to report it's absolutely on track.
02:52We're increasing that number going forward,
02:55because our demand has continued to go up,
02:57and we're going to continue to invest in the supply chain before and so forth.
03:01Yeah, good.
03:02So we're counting that then we're not going to progress.
03:06Good.
03:07Good.
