Keyu Jin: belief

Transcript context

…Meaning US-China communication. Yeah. There’s also something that I think people miss, which is that the soldiers in mainland China, that’s part of the one-child policy generation, right? There’s only one son. Families have only one son. And I think to assume that the Chinese people desire and would be able to forsake that generation for unification purposes, or be able to tolerate lost lives for this, I think is also a bit of an exaggeration in stress. And I think Chinese people also really… They really care about peace and stability. Chaos is just not part of what they think is good for them. The role that TSMC plays is so critical given the choke point they have on the rest of the world in the semiconductors industry, which we know is one of the most important industries sustaining the economy. Not to mention things like AI and technologies. Look, the US has been trying to build another TSMC outside of Taiwan. It’s very, very, very slow. There are a lot of cumulative knowledge, experience, and skills that are involved. It’s not that easy. The Chinese don’t want to see an eruption of TSMC either, because again, it’s vitally important for everybody. Whilst I don’t think that this is really necessarily a bargaining chip, because if you really see what the Chinese thinks about Taiwan, it goes beyond economics. It goes beyond the logical. It is about realizing a dream, which even I tended to not place enough importance. But when I talk to the young people in China, I realized that it’s still their dream. It’s just unfortunate that this dream is mixed up in the fact that Taiwan with TSMC has been incredibly good at manufacturing. It’s just an interesting puzzle of why it’s so difficult, a low cost at scale to manufacture chips. And it’s just incredible that they were able to do it. And it’s an interesting puzzle for how China can do it domestically and how US can do it domestically. And it seems like there’s increasing urgency on that. And I think if we look out in the next a hundred years, the urgency is good because it’s probably good for each individual country to be manufacturing majority of their chips. It’s less likely to lead to conflict.…

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