WEBVTT - BIDEN ADMINISTRATION TO REPORTEDLY ANNOUNCE BILLIONS OF DOLLARS IN SUBSIDIES FOR ADVANCED CHIPS

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

0:00:07.720 --> 0:00:11.840
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:00:11.920 --> 0:00:15.840
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:00:15.920 --> 0:00:19.680
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:00:19.720 --> 0:00:23.320
<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

0:00:23.320 --> 0:00:28.120
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:00:28.160 --> 0:00:31.680
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:00:31.760 --> 0:00:34.960
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:00:35.040 --> 0:00:38.920
<v Speaker 1>are here illegally, your next you will be fined nearly

0:00:39.000 --> 0:00:43.000
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:00:43.040 --> 0:00:46.680
<v Speaker 1>never return. But if you register using our CBP home

0:00:46.720 --> 0:00:50.120
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:00:50.479 --> 0:00:55.240
<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

0:00:55.400 --> 0:00:57.840
<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 3>Some things that do look promising. So the US has

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<v Speaker 3>reportedly announced billions of dollars in subsidies for advanced chips.

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<v Speaker 3>So we talked about chips. Last episode, we talked about smh.

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<v Speaker 3>We talked about AMD, we talked about we talked about

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<v Speaker 3>quad Qualm, qual Qualm.

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<v Speaker 2>We talked about Nvidia. Of course, yes, but the.

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<v Speaker 3>Biden administration is prepared to allocate billions of dollars and

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<v Speaker 3>subsidies to major semiconductor companies to develop new manufacturing facilities

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<v Speaker 3>in the United States. This move is part of a

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<v Speaker 3>broader strategy to boost domestic production of advanced semiconductors. So

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<v Speaker 3>what are your thoughts on this? You know, even when

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<v Speaker 3>we had am and rah on and he was saying

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<v Speaker 3>that the workforce in America is really not even trained

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<v Speaker 3>at a high level to produce a lot of these chips.

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<v Speaker 3>But then there's there's AI that comes into place as well,

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<v Speaker 3>But that would kind of defeat the purpose of trying

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<v Speaker 3>to hire jobs in America. So we'll write billions of dollars.

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<v Speaker 3>Is this something that's going to beneficials for the chip industry?

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<v Speaker 3>If so, which companies will benefit? American companies like Intel?

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<v Speaker 3>Who's going to benefit from this billions of dollars into

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<v Speaker 3>chips situation?

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<v Speaker 4>Intel twelve percent on Friday, so it won't be them.

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<v Speaker 4>For NITO, let's split it through Santo, AMD and Video

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<v Speaker 4>are going to be the two primary beneficiaries. Is it

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<v Speaker 4>a good move by the government With it being in

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<v Speaker 4>an election year, you do have to put some capital

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<v Speaker 4>into some sectors that can help the economy grow a while.

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<v Speaker 4>Even though GDP over the last quarter rows, you want

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<v Speaker 4>to have a sustained growth in terms of GDP. AMD

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<v Speaker 4>and and video are the two players that are going

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<v Speaker 4>to do incredibly well. And also the big threat on

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<v Speaker 4>the table is we cannot have Taiwan Semiconductor be the

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<v Speaker 4>number one chip maker and the best chip maker manufacturer

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<v Speaker 4>while all of our tech companies are based in Silicon

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<v Speaker 4>Valley and be dependent upon them. So not only is

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<v Speaker 4>it a way to help advance GDP in the future,

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<v Speaker 4>but it's also a hedge because if we are going

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<v Speaker 4>to hitch our economy to AI and chips over the

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<v Speaker 4>next ten to twenty years, we can't have the number

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<v Speaker 4>one player b in Taiwan.

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<v Speaker 2>So I think it is great.

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<v Speaker 4>We've talked about AMD endlessly one of my favorites, and

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<v Speaker 4>Video is one of my favorites. They'll do incredibly well.

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<v Speaker 4>Google will get some spillover, Metal will get some spillover

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<v Speaker 4>as a result. That's part of the reason why you

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<v Speaker 4>saw Zuckerberg announced how many GPUs that they bought as well,

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<v Speaker 4>which does make them a bigger player as a result.

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<v Speaker 2>But by the top two of all.

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<v Speaker 4>Time and Video and AMD, you'll be a okay, and

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<v Speaker 4>Vidia does need to come down and price somewhat, but

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<v Speaker 4>for long term, hold those two. I know, I know

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<v Speaker 4>the Intel hate. It's not hate, but okay, it's Intel

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<v Speaker 4>better than as CML. No, are they better than Taiwan

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<v Speaker 4>semi conductor?

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<v Speaker 5>These are rhetorical questions AMD and Video.

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<v Speaker 4>Yeah, I can argue Intel is not better than Microme.

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<v Speaker 4>But so that speaking of butts, go sit as on

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<v Speaker 4>the bench and get a better CEO and work on

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<v Speaker 4>better projects. That crypto project is not going to save them.

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<v Speaker 5>So the announcement does it helps the industry overall. Right,

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<v Speaker 5>So if we're looking from an ETF standpoint, SMH I

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<v Speaker 5>think is the winner because it doesn't matter which one

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<v Speaker 5>of these companies gets awarded, it'll probably it definitely will

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<v Speaker 5>be inside of that ETF we spoke about in video,

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<v Speaker 5>we spoke about AMD, and I said, you know, and

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<v Speaker 5>Videous prices are high and right when they come up

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<v Speaker 5>with the A two two hundred, it'll you know, probably

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<v Speaker 5>be higher, but that's leaves a market for people in

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<v Speaker 5>a different class, which I think AMD will pick up

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<v Speaker 5>on Intel. I mean, they're just so far behind, but

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<v Speaker 5>they are building right, and so we talk about the

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<v Speaker 5>This episode is brought to you by P and C Bank.

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:06:53.839 --> 0:06:57.640
<v Speaker 1>in Massachusetts. An MS thirteen gang member from El Salvador

0:06:57.880 --> 0:07:02.000
<v Speaker 1>accused of murdering a Texas. Man of Venezuelan charged with

0:07:02.080 --> 0:07:05.960
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:07:06.080 --> 0:07:09.840
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:07:09.880 --> 0:07:13.400
<v Speaker 1>Donald J. Trump's leadership. I'm Christy Noman, the United States

0:07:13.480 --> 0:07:18.280
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:07:18.280 --> 0:07:21.840
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:07:21.920 --> 0:07:25.120
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:07:25.200 --> 0:07:29.040
<v Speaker 1>are here illegally, your next you will be fined nearly

0:07:29.120 --> 0:07:33.160
<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

0:07:33.200 --> 0:07:36.840
<v Speaker 1>never return. But if you register using our CBP home

0:07:36.880 --> 0:07:40.239
<v Speaker 1>app and leave now, you could be allowed to return legally.

0:07:40.640 --> 0:07:45.400
<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

0:07:45.520 --> 0:07:48.000
<v Speaker 1>border and families will be protected.

0:07:48.080 --> 0:07:50.239
<v Speaker 2>Sponsored by the United States Department of Homeland Security.

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<v Speaker 5>Projects that are happening here domestically, they have three. They

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<v Speaker 5>have one in Arizona, Ohio, and New Mexico, Oregon. That's

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<v Speaker 5>spending forty three billion for that infrastructure. About Taiwan semi

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<v Speaker 5>conductive what they're doing in Arizona. But Samsung is another company,

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<v Speaker 5>right people when they.

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<v Speaker 3>Go to push.

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<v Speaker 2>When we think about chips, we don't think about Samsung.

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<v Speaker 5>But if you talk about from a consumer home buying experience,

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<v Speaker 5>look inside your home. They're probably making majority of the

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<v Speaker 5>chips that are inside of your TV or your fridge,

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<v Speaker 5>those appliances. Samsung has a huge marketing, right, but there

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<v Speaker 5>are companies here. You mentioned one Micron company, look at

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<v Speaker 5>right if they're awarded some of these subsidies. I spoke

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<v Speaker 5>about this three years ago. I spoke about it last year.

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<v Speaker 5>I think I mentioned it on the last episode. Global

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<v Speaker 5>Foundaries is a company.

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<v Speaker 2>That I definitely watch.

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<v Speaker 5>They're already building here in New York. And then one

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<v Speaker 5>that gets slept on and we kind of talked about

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<v Speaker 5>it and if you were in high school, you definitely

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<v Speaker 5>would recognize it.

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<v Speaker 2>But that's Texas.

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<v Speaker 5>Instruments absolutely right, Like, this is a company if even

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<v Speaker 5>if you look inside of Smah's ETF allocation, it's always

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<v Speaker 5>in its top ten. It fluctuates between I would say

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<v Speaker 5>the fifth position and maybe the ninth or eighth. But

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<v Speaker 5>it's just another strong semi And we always think about

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<v Speaker 5>it in terms of, oh, wait, that's the people who

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<v Speaker 5>made our calculators. But do a little deep dive into

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<v Speaker 5>some of the things that they're producing and you'll see,

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<v Speaker 5>like this is another billion dollar industry that's inside of

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<v Speaker 5>here in America. And so if we're looking at the

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<v Speaker 5>administration to give subsidies to companies that are here. Those

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<v Speaker 5>are some that are on the forefront that exists here.

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<v Speaker 5>Everybody knows the video. Everybody sees that a MD we

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<v Speaker 5>can we saw what happened with Intel and their report,

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<v Speaker 5>but these other microns and the Global Fountain were shot here.

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<v Speaker 4>Caulm is Intel better than Global Foundaries Qualcom And you

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<v Speaker 4>can argue Marvel like, what are we talking about?

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<v Speaker 5>Right?

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<v Speaker 4>Intel is like if Bill Carwright played in today's NBA,

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<v Speaker 4>so he'll call right, I want to smoke that bad

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<v Speaker 4>would put if it was the last of your kid's

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<v Speaker 4>money for college, which you put you out on.

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<v Speaker 5>I'm not doing that. No, no, no.

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<v Speaker 3>So this news, this news will benefit SMH as a

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<v Speaker 3>whole in all of the other major chip companies. This

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<v Speaker 3>is more, This is more encouraging news for the chip industry.

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<v Speaker 5>Absolutely, I would say definitely SMH does socks. I know

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<v Speaker 5>is another one of those that are inside of the semiconductors.

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<v Speaker 5>But I think the ones that are domestically, I think

0:10:19.320 --> 0:10:20.880
<v Speaker 5>those are the ones that you should be putting at

0:10:20.880 --> 0:10:23.000
<v Speaker 5>the front of your watch list, right because it's called

0:10:23.160 --> 0:10:27.680
<v Speaker 5>chips for America, right, so they're gonna look for American companies.

0:10:27.960 --> 0:10:30.000
<v Speaker 5>So the ones that we just said. I think those

0:10:30.120 --> 0:10:32.000
<v Speaker 5>ones benefit. But if you want to just be safe

0:10:32.000 --> 0:10:34.360
<v Speaker 5>about it, yeah, obviously I'm going to eat from.

0:10:34.800 --> 0:10:38.120
<v Speaker 4>Absolutely, and Qualcomma is a good dark horse as well,

0:10:38.160 --> 0:10:41.439
<v Speaker 4>if you're looking at one. Yeah, absolutely, Yeah, this is

0:10:41.480 --> 0:10:43.680
<v Speaker 4>gonna be great for the industry. It's definitely gonna provide

0:10:43.760 --> 0:10:45.679
<v Speaker 4>some safety for the next four to eight years for

0:10:46.280 --> 0:10:48.760
<v Speaker 4>this space to continue to grow. Like and I said

0:10:48.760 --> 0:10:51.240
<v Speaker 4>it maybe two episodes ago, the government is a market

0:10:51.280 --> 0:10:53.200
<v Speaker 4>maker when they say they're going to deploy this kind

0:10:53.240 --> 0:10:55.840
<v Speaker 4>of money into a space. Do you think it's going

0:10:55.920 --> 0:10:58.760
<v Speaker 4>to grow a decline. We're going to see rapid growth

0:10:58.800 --> 0:11:01.040
<v Speaker 4>here over the next four or five ye, right. And

0:11:01.120 --> 0:11:04.600
<v Speaker 4>they always I mean they have a personal interest in it, right.

0:11:04.640 --> 0:11:06.920
<v Speaker 4>They want to see it grow. They want to be

0:11:07.040 --> 0:11:09.760
<v Speaker 4>the leader in tech, and they know what's at the forefront.

0:11:09.760 --> 0:11:12.400
<v Speaker 5>They know that these are the leading pieces inside of technology,

0:11:12.440 --> 0:11:17.120
<v Speaker 5>whether it's from a business infrastructure standpoint or a personal standpoint,

0:11:17.280 --> 0:11:19.800
<v Speaker 5>like you have to have it right. And so we

0:11:19.880 --> 0:11:21.520
<v Speaker 5>saw what happened during the pandemic and it was a

0:11:21.600 --> 0:11:24.000
<v Speaker 5>lesson learned. All Right, we can't rely on this from

0:11:24.040 --> 0:11:26.800
<v Speaker 5>an international standpoint. We need to have more domestic infrastructure.

0:11:27.240 --> 0:11:28.880
<v Speaker 5>This is a step in that direction.

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<v Speaker 4>So yeah, and Richard, as you said the last week,

0:11:32.240 --> 0:11:34.439
<v Speaker 4>the next five years would be the most important. This

0:11:34.640 --> 0:11:38.160
<v Speaker 4>explains why this pretty much bakes in three hundred percent

0:11:38.280 --> 0:11:41.440
<v Speaker 4>growth over the next four or five years for this sector,

0:11:41.720 --> 0:11:44.679
<v Speaker 4>with the government putting all this capital at play for

0:11:44.880 --> 0:11:47.760
<v Speaker 4>it wholeful, long term hope for five years.

0:11:48.600 --> 0:11:52.240
<v Speaker 1>An illegal alien from Guatemala charged with raping a child

0:11:52.320 --> 0:11:56.079
<v Speaker 1>in Massachusetts. An MS thirteen gang member from El Salvador

0:11:56.360 --> 0:12:00.480
<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

0:12:00.559 --> 0:12:04.400
<v Speaker 1>filming and selling child pornography in Michigan. These are just

0:12:04.559 --> 0:12:08.280
<v Speaker 1>some of the heinous migrant criminals caught because of President

0:12:08.320 --> 0:12:11.880
<v Speaker 1>Donald J. Trump's leadership. I'm Christy Noman, the United States

0:12:11.920 --> 0:12:16.720
<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

0:12:16.760 --> 0:12:20.280
<v Speaker 1>crossings are at the lowest levels ever recorded, and over

0:12:20.400 --> 0:12:23.559
<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

0:12:23.679 --> 0:12:27.480
<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally,

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<v Speaker 1>do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families.

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<v Speaker 2>Will be protected. Sponsored by the United States Department of

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<v Speaker 2>Homeland Security,