Nvidia (NVDA) is set to report its earnings on Wednesday amid strained relations between the US and China. Former White House CHIPS Coordinator Aaron 'Ronnie...
) is set to report its earnings on Wednesday amid strained relations between the US and China. Former White House CHIPS Coordinator Aaron"Ronnie" Chatterji joins Catalysts to discuss what these tensions mean for Nvidia and the chip sector as a whole.
What ultimately the disruption, what do you think the chips industry is going to look like here in the US?You're gonna see mega factories producing chips across the United States and you've seen some announcements over the last 60 days for companies like Intel Ts MC M that was mentioned before as well as Samsung.Uh Texas, Arizona, upstate New York, Oregon, New Mexico, Ohio.
But that's why you see the big announcements aren't just for Intel and the Ohio and Arizona facilities, but also for TS MC, for Samsung and for Miron. The administration's messaging has been that the driving thesis of the chips Act is specific to jobs creation.I think national security is the key reason why we want to make the most advanced shifts here in the United States.You can do a program for a year or two years and get a really great job working in semiconductors.We need to set up training programs in places like Anada Community College, America Community College.
And so the Chips Act was really about building a strong industrial base in the United States for key technologies. We looked at both of those things, national security and supply chain resilience and weigh them as we were thinking about designing the chips Act and implementing it, Ronnie. Interesting times I think because the way the Chips Act money is being distributed, it won't have the effect that most of the folks are worried about.The due diligence still needs to be conducted just like it would on a private sector deal and that money is not going to start flowing until the end of the year at the earliest.
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