Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
3 Nov 2021 Acquired Complexity Investing & Semiconductors (with NZS Capital)
“Another half trillion dollars to the TSMC value creation story, but you get the broader point. It’s just trillions of dollars of market cap that TSMC has created for their partners, which I think is just so cool.”
— Speaker unverified
Source trail
Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 3 Nov 2021
- Publisher
- Acquired
Transcript context
…Well, here’s the framework. Here’s the reason it’s hard. It’s because the notion of necessary but not sufficient it’s really hard to frame into a percentage. Apple would be worth zero if they didn’t acquire NeXT. But does that mean that NeXT is responsible for 100% of the value of Apple? Absolutely not. What percentage do you assign it? It’s tricky. Yeah, that all makes sense. I actually don’t know the number you guys use. I thought it was 25% off the top of my head, which maybe that’s a good, rough number that Apple’s contribution is. Another half trillion dollars to the TSMC value creation story, but you get the broader point. It’s just trillions of dollars of market cap that TSMC has created for their partners, which I think is just so cool. Yeah, it’s amazing. It’s really meets the Bill Gates line of the definition of a platform that they’ve created way more value for their customers and their ecosystem than they’ve captured for themselves.…
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