3. On the topic of AI data center buildout delay, he said Asian guys are worried about midterm elections. If Dem sweeps, the buildout will have more blockers and delayed. From TSMC’s CoWos number you can get 60GW buildout in 27’, but it seems impossible even the most optimistic SemiAnalysis said 43GW. If there is any delay, this number couldn’t hold, which means that lots of semis will be put in the inventory and delayed the future sales. I said mid term has nothing to do with AIDC, we American people just simply hate it, and hate it more and more as time goes by. It also has nothing to do with if Dem sweeps or not. Kentucky is a deep red state, and last month they rejected a DC buildout in Mercer county. Another problem is labor shortage due to Trump’s immigration policy. So the buildout would be much lower than SemiAnalysis’s estimates for sure. The only way is to see if it’s possible to build it south east Asia quickly to relocate the capex. The blocker of this approach is export control and data privacy concern.