The chips are still down in the near term. But are good times coming? Motley Full Money starts now.

Welcome to Motley Full Money. I'm Deja Bullard here with Motley Full Analyst Tim Byers.

How are you today, Tim?

Holy caffeinated, ready to go, dear Duh.

Love to hear it. I wanted to talk to you today about semi-conductors kicking off with Taiwan

semi. Revenue was down 10% net income down 23%. But that wasn't a surprise. I mean, we've seen

all long slow sales for phones, PCs, sort of the other side of that pandemic boom.

It seems like there's hope on the horizon, right?

I think so. And let's be clear. I mean, this is a cyclical business, and there are then macro

headwinds. And so in the call, the Taiwan semi-conductor leadership team, particularly CC Way,

the chief executive officer, did acknowledge that there were macro headwinds that they have

competition here in North America, in particular, for a new fabrication facilities that we're

standing up here on US shores. And there is the very distinct possibility it looks like Taiwan

semi is saying that the facilities that they were going to build out in Arizona are at least

on hold for the time being. So if all of that is true, yeah, of course, there's going to be a

short-term dip in revenue and profit margin while we adjust to the semi-conductor cycle.

But I mean, Taiwan semi-conductor has been at this for a really long time. They know how to do this.

They are investing back into their business. They are investing into newer, smaller process

technology. And most importantly, Diedra, CC Way did commit to, like despite all of the short-term

challenges that we're seeing because of things like dips and smartphone sales and things like that,

they still believe that over the long term, 15 to 20 percent compound annual revenue growth

for the next several years is still to come. They are not backing away from that target that they

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