EP05: The $100 Billion Chip War — NVIDIA, TSMC, and the Battle for AI Hardware

Three companies control the future of AI: NVIDIA designs the chips, TSMC fabricates them, and ASML builds the machines that make it all possible. In this episode, we trace the $100 billion battle for semiconductor supremacy — from US export controls to China's EUV prototype, TSMC's $165 billion Arizona gamble, and NVIDIA's 78% gross margins. The chip war is the defining industrial story of our era, and most of those chips still run through a small island in the Pacific.