00:00 Speaker A

I want to ask you about kind of taking a little bit of a left turn. Another um headline that caught our eye. And this is the report from Bloomberg that Intel had tried to solicit Apple to also invest in it as we have seen other companies and the US government for that matter doing. Um, does that kind of partnership make sense to you from from the Apple perspective? It sounds like it’s still in early stages and might not happen.

00:33 Speaker B

Yeah, it very much does make sense. Let’s rewind a month ago. Intel was saying that they would love to go into their new 14A technology and build that out in the United States. They just don’t have any customers. Which was very alarming at the time. That was that meant they really didn’t have a viable way forward as a company. The United States government stepped in and said, no, we need there to be a domestic manufacturer of semi and we will do that by backing Intel up, uh by taking a stake in it and by getting involved. Lo and behold, a week later, Nvidia signed up as an investor and to to be a 14A customer likely down the road. And now what what Intel needs is for Apple, the other biggest consumer of of semiconductors to sign up to have a domestic manufacturer of chips. This is of strategic importance to the US and for Intel to be successful, it needs these anchor tenants. There couldn’t be better two better anchor tenants. They’ve already signed up Nvidia, now they need to sign up Apple.