Suresh on CHIPS act at the Oppenheimer 25th Annual Technology, Internet, & Communications Conference (August 9-10, 2022):

"RS (5:20): Thanks for that Suresh. You mentioned wafer-scale production and chip-to-chip… I’m just curious as part of that, and this may be a side question, but with the CHIPS Act being approved and signed in the US, and the EU has a similar CHIPS Act there, I’m curious if… I could see how you could easily be an indirect beneficiary, but do you expect to be considered a chip company and considered to be a direct beneficiary of any either European or US or both, in terms of any government subsidies/funds for production, R&D…

SV (6:00): I’ve followed the evolution of the CHIPS Act, at least in the US, and as you said there are various countries that have versions of their own CHIPS act. I mean we’re not manufacturing in the US so, to a large extent, the CHIPS Act is promoting leading-edge silicon semiconductor technology as well as technologies of the world here from a manufacturing in the US perspective… and we’re not. There is likely to be an indirect benefit, as a consequence of us fundamentally still being a US company—a US listed company—but we’re not going to be a direct beneficiary in terms of funding, if you will, that comes out of that CHIPS Act."