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Bloomberg out with the report uh citing its sources Patrick talking about how Commerce Secretary Howard Luttnik signaling he could withhold promised Chips Act grants as he pushes companies to expand their US projects. So it sounds like Patrick, Luttnik basically saying, listen, I want you to do what TSMC just did, which is announced they're going to invest another hundred billion. I'm just curious Patrick, what what do you make of that headline?

Well, the devil's in the details, uh I like to say. Um, first off, let's get some facts out there. A Chips Act is not just a a giveaway. They're very set milestones of what these companies have to do before they get the money. You might be thinking, well, wait a second, Chips Act was formed, they started writing checks. Only very small parts of that entire Chips Act funding has has been spent. Uh, I don't think this will impact companies like Intel and TSMC, and maybe not even even even um Micron, but we'll see what it could mean to Samsung. Intel already made its $100 billion dollar commitment. They made it earlier. It didn't do didn't do it on stage with uh President Trump, but they did this uh already. Samsung made a very substantial commitment in Austin, Texas, as did Micron in in New York. I I feel like this is the politization of of the Chips Act as it's looked at as a tax. History shows that every type of funding or helping that's gone into semiconductors, there's about a four to one or five to one increase in tax revenues that come out of that because all of these companies have to come in and support these uh support these foundries. Not just to build it, but uh over 10 years to maintain it, to bring the energy in, to bring the supplies, the gases, uh to make to make this happen.