Mike Armstrong and Paul Lane sit down with New York Times reporter Tripp Mickle to examine one of the biggest hidden risks in the global economy: America’s dependence on Taiwan for advanced semiconductor manufacturing. With TSMC producing the vast majority of leading-edge chips used by Nvidia, Apple, and other tech giants, the hosts explore what would happen if geopolitical tensions, a blockade, or even a natural disaster disrupted production — and why Silicon Valley has done little to diversify that risk.

The hour also covers Nvidia’s strong earnings and the market’s skeptical reaction, the long-term implications of AI-driven electricity demand, and whether expanding 401(k) access could meaningfully improve retirement outcomes for American workers.