저자: NancyCurty · 외국인
요약 보기
자동인식 자막 기준. 인텔은 국방 관점에서 IDM으로서 정부 보조금 지원이 타당하다고 주장하며, 엔비디아는 CUDA 생태계 덕분에 쉽게 대체되기 어렵다고 봄. 트럼프의 반도체 관세가 TSMC 생산 확대 또는 엔비디아 비용 전가로 이어질 수 있다는 우려 제기. 반도체 시장 전반에 대한 명시적 가격 방향 예측은 제한적.
다듬은 글
I'm not interested in reactionaries, but I'm very interested in the assets they generate. Hello Solmi, how are you doing lately? With all the excitement about quantum computers and Bitcoin, and people even saying the semiconductor market is dead, I'm sure you're holding on tight without letting it go to waste.
The SOCKS index has also been moving in the exact opposite direction to the NASTA 100 lately. The semiconductor market, with the exception of NVIDIA, is suffering a runaway loss. I wonder if this is all because of this guy, who's one of the top constituent stocks of the SOCKS index but whose performance is rubbish.
The US government has been protecting the semiconductor industry with the CHIPS Act to promote domestic production, you know, that Biden pet project. It looks like Intel is finally going to receive a ridiculously high $7.9 billion in compensation. It's quite lucky that Intel is getting compensation at the same time as that fierce competition.
Now I'd like to hear from our reporter, Maeji, but you're in childcare... You're letting your guard down too much just because you're working remotely, your eyes and the neck of your sweater look dead, and I bet you have lots of snacks on hand. Caroline, stop talking like a mom, I don't want to hear about the $7.9 billion Intel received.
Apparently, Intel is using that money to build new factories in Arizona, Oregon, New Mexico and Doina. I heard that by 2030, four states that include OHA will be eligible for Chips Women's Money. That's a lot of money. Even Intel's Gelsinger got the Women's Money, but he was complaining that it was a little less than he expected, not 50,000 yen.
Seriously, are n't they getting a bit too cocky? Just recently they were acting like old horses that might be acquired by Qualcomm, and now they're getting kicked out of Dow Jones. Carrie, I know you're down on a lot of unrealized losses in Sol, but we're working right now, so do n't bring your private life into it.
It's really not funny. The CoreUltra 9 that they just released They say even the 285K loses to the Ryzen 9 9950X in gaming performance. Maybe it's a mistake to expect anything from them in terms of craftsmanship. Caroline, I do n't really understand, but are you talking about frame rate? That's only a tiny difference, isn't it?
I think it's much better if it consumes less power and doesn't get too hot. What are you talking about? Frame rate is super important, isn't it? You only play when you intend to call. You do n't understand that a 10 FPS difference can set you apart from your rivals, do you? An old lady who can't even get a kill/death ratio of 1 has the right to talk about frame rate.
Hold on a second, little girl. I thought I heard you say "old lady" earlier, who are you talking about? Well, well, Nancy, everyone has been waiting for our little serious G to fly. Tonight we have Nancy Curty, Chief Investment Officer of RT Global, who is very knowledgeable about the semiconductor market.
I'd like to ask Nancy, when it comes to GPUs, Intel is nowhere near as good as NVIDIA. Their processors aren't very impressive either, are they? The US government I wonder what value there is in helping such a garbage company with a lot of money. Intel seems to have incurred a lot of wrath. Of course, it makes sense for the US government to help Intel with subsidies.
They are focusing on avoiding intelligence risks and supply chain risks rather than improving the performance of reaction bodies. You've probably heard that Intel is an IDM, meaning it is an integrated design and manufacturing company, so it is especially desirable for places like the Pentagon, which holds a lot of power, to be a highly reliable company from a security standpoint, where everything from design to manufacturing is completed in-house.
Earlier, CEO Gelsinger said that the amount of money he would receive was less than expected, but that's because Intel can exclusively sell chips to the Pentagon, so that's why it's been reduced. I mean, they should have already received $3.5 billion just to manufacture those chips. Intel is an IDM, while NVIDIA and Qualcomm are fabless, meaning they literally don't have a physical store.
They only do the design and manufacturing, and then they sell it to TSMC. They're having it made by TSMC, so they're outsourcing the manufacturing, which means there's a risk that the technology could end up in China at any time. From a national defense perspective, they can't just hand over a quasi-domestic reactionary manufacturer to a fabless company, can they?
Remember, there was talk of an acquisition before? That's right, before Qualcomm was going to acquire Intel, but that seems to have been withdrawn. Apparently, acquiring Intel would require assuming $50 billion in debt and undergoing antitrust review, so it seems incredibly complicated. Well, whatever the reasons, I feel like Qualcomm and Intel are just too different in scale and core.
Even from my perspective as a Solmi, I can only hope that Intel, which is almost entirely subsidized, will get off to a good start in the future. On the other hand, NVIDIA is leading the way without receiving funding from the Chips Act. I wonder if NVIDIA's dominance will continue? I wonder. Actually, the Trump administration is taking a stance against the current Chips Act.
Even if they suddenly change direction, it will be difficult to change or abolish the chips tariff now that they've gone ahead with it. That's the thing, Trump is against the chips tariff, and NVIDIA is fabless, so they basically outsource production to TSMC and other chip manufacturers. How should we think about the supply chain related to sales to China and Taiwan from an investment perspective?
As you know, Trump likes tariffs more than the food on an America First sandwich, so there's a possibility that Trump might raise tariffs on TSM. If that happens, DSMC will have no choice but to accelerate production within the US, because there are no tariffs on products made and consumed domestically.
Hmm, so how do you think NVIDIA will react? If tariffs are imposed on TSMC, NVIDIA will have to pass those costs on to its customers, meaning they'll have no choice but to raise prices. That would be a real problem, and if they start talking about imposing tariffs everywhere, NVIDIA in the Trump administration...
Is n't Sol's hardcore method kind of crazy? Not just for life, but in the current semiconductor market, it's true that NVIDIA has a monopolistic position, but this market is n't the kind of industry that can be rewritten by cheap and shoddy Chinese products, and you should have noticed that. The volume zone of customers is engineers, not some old lady who goes to the supermarket looking for cheap eggs, but AI engineers and data scientists who deal with white goods, and they do n't choose NVIDIA without thinking.
There are several reasons why NVIDIA has been able to leap forward to today, but I think one of them is largely due to CUDA. Let me introduce you to CUDA. CUDA is a programming model for extracting the computing power of NVIDIA GPUs, and engineers can use it to efficiently perform complex parallel calculations.
Its biggest strength is that it supports various machine learning frameworks, and engineers can easily use GPUs with existing tools. CUDA has a long history and is widely used in the engineering community. Resource and support sharing is also thriving, because you hate GPUs, right? To make it work, you have to learn a new platform or programming language, or leverage existing knowledge and tools to develop efficiently.
But if that's the case, then AMD's Lokm could be used, and if you ported CUDA using HIP, it would be fine. For CUDA users, AMD's Lokm or Intel 's 1API is not even worth discussing. As I said earlier, CUDA has a strong ecosystem because it has been widely used for a long time. Their job isn't to rebel against a crappy boss or anything like that; it's to utilize online resources themselves and incorporate open-source code created by others, so a platform is only valuable if it's being used.
I know this is a pointless story, but I hope you understand why Nvilia was chosen. In a way, however, you could also argue that Trump's move to diversify the supply of reactionary forces will create strong competitors and lead to further technological confidence.
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