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The Chinese companies that are on the commerce department's entity list, entity list is don't do business with these people.

They're bad actors.

All right, Emily, we come to what is to be done.

Your recommendation is that we motivate the private sector.

Now, that's what the chips act is supposed to do.

I see that CNBC says the checks haven't cleared yet.

But is there resistance in the American market building fabs in the Southwest or in Ohio?

Are they running up against regulatory obstacles that can't be overcome?

These are great questions and that's a great framing.

The regulatory obstacle's point is important.

And for the US, really, to develop semiconductor industry, but really any industry generally,

it does need to lower regulatory hurdles or we simply won't ever be able to compete with China,

let alone any other country that takes industry seriously.

But the other thing that has to be done is not only motivating companies,

as it's done with the chips act, but also holding them accountable for their protection of US technology

and their protection of the US industrial base, especially as pertains to their interactions with China and Chinese players.

...