TSMC

“I, you know, sort of tell investors, look, we are going to be a pharma company. And then over time, as we build up our platform, I'm happy to be a contract manufacturer. I don't expect in the future that we are also going to want to be A semiconductor company …”

“Large vertically integrated companies have two options. One is basically you do the whole thing and you win and you're like TSMC or like Tesla big, or you like die getting there. And there's no kind of halfway mark.”

“The number of people who directly interface with the products of TSMC, ASML, SpaceX, NVIDIA, like how many people do a tape out of TSMC? How many people run an ASML EUV machine is minuscule number of people. And so there are these giant companies where their c…”

“Even right now, five to 10 most valuable companies in the world are hardware companies. Apple, Nvidia, Broadcom, Tesla, TSMC.”

“Even TSMC, which is one of our largest holdings they're taking price too, because they just, like, we have a finite amount of capacity, and so we have to try to figure out how are we gonna make sure that we're generating enough profits, and knowing that if we'…”

“And so for us, we actually operate our own fabs. So in some respect, we're like the TSMC of the optical industry.”