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>> jake, quickly, with regards to the semi conductors, i mean, is it also part of the materials that are used to make them? i mean, i guess a lot of folks are trying to figure out how it is we managed to get beat so early to the punch on semi conductor manufacturing in our country. >> well, what it really is was a significant investment on the part of the taiwan government. as early as the 19 0s, they began to see the possibility of being a world leader. they punched a lot of money into the sector. at this point we have congress considering the chips act which would put about $50 billion into a domestic semi conductor industry. the largest manufacturer of semi conductors in the world, tsmc, they are going to put about $100 billion over the next three years into rnd alone. so the early investment that that country made in semi conductors is why they are so far ahead of the game now. >> mike memoli, let's pivot for a moment. of course, the big story in our

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