TSMC (Remastered)

4019.836 - 4039.066 David Rosenthal

There's actually one between, well, no, actually I think above EDA, there is one more part of the value chain. There's a fifth, which is IP. So that's all like ARM. Oh, right. Yeah, like architecture, IP. There's actually a ton of companies now that do just straight up IP. And I thought before this episode, these were like, oh, just shell companies that sue one another about IP. It's not that.