An interview with a king of chipmaking

Arm 如何在AI时代起飞

Money Talks from The Economist

2026-02-12

34 分钟
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The majority of America’s ten largest companies once dealt in oil. Today, it’s chips. The supply chain for semiconductors is complex and no less fraught with geopolitical tension. And at the centre of it is Arm. This week, we speak to the chip designer’s boss Rene Haas. Guests and hosts: Rene Haas, CEO of Arm Shailesh Chitnis, The Economist’s global business writer Mike Bird, co-host of “Money Talks” Ethan Wu, co-host of “Money Talks” Topics covered: Chips manufacturing The semiconductor supply chain Arm Holdings plc Transcripts of our podcasts are available via economist.com/podcasts. Listen to what matters most, from global politics and business to science and technology—subscribe to Economist Podcasts+. For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account.
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  • The Economist.

  • It’s rare to hear the President of the United States getting too into the weeds,

  • or at least trying to get into the weeds,

  • when it comes to complex manufacturing.

  • And today TSMC has announced that it will construct a second fab here in Phoenix

  • to build chips, three nano chips.

  • The three nano chip.

  • Chips that are three nano.

  • Anyway, you know what I’m saying.

  • But chip making is different.

  • And for good reason.

  • Semiconductors are the backbone of the 21st century economy

  • and really, without the semiconductors, there is no economy.

  • Politicians worry about the semiconductor industry because the supply chain is so precarious.

  • Most of the manufacturing of chips happens in East Asia, in Taiwan, for example.

  • And the machines that are used to make chips come from either Silicon Valley,

  • where some of them are still made, or the Netherlands or Japan.

  • And so there’s not a single region today that can make cutting edge chips on its own.

  • It’s susceptible to snarl ups and bottlenecks.

  • It’s almost like nobody saw it coming.