TC The Circuit

Podcast

The Circuit

A podcast about the business and market of semiconductors

Website ↗ Last published 2 November 2026 192 posts collected by Sputnik

Said on The Circuit

“I think everybody wants to be Credo. Credo's approach, plus if you had networking silicon, is very interesting. Marvell has that networking silicon, Broadcom similarly… My theory is they're afraid of disruption. They see the signs on the wall that they're not going to have the moat or the leverage that they have much longer… I think they fear disruption and commoditization of this space.” — Ben Bajarin, The Circuit
Ben Bajarin · 2 Nov 2026 Listen →
“This is a company that is very R&D dependent and has now gotten to a place where it is very capital intensive too. And so, we're always searching for comparisons or analogies for AI. To me, this looks a lot like a leading edge foundry… You have to do intensive R&D, and then you have to deploy an immense amount of capital in order to monetize that. I mean, that's TSMC, right? We're going to spend $50 billion a year on CapEx and we're going to have 3,000 PhDs working for us.” — Jay Goldberg, The Circuit
Jay Goldberg · 2 Nov 2026 Listen →
“Anthropic may develop products which could wipe out all of humanity, which would cause earnings to decline.” — Jay Goldberg, The Circuit
Jay Goldberg · 2 Nov 2026 Listen →
“Let's just say that half the internet, two and a half billion people use personal agents. Just that alone would demand another 35 gigawatts of compute a year just to run the agents. Not to execute the agents, not to handle those models, just to run those agents.” — Ben Bajarin, The Circuit
Ben Bajarin · 26 Oct 2026 Listen →
“I've said this before, there's no such thing as a one-quarter problem. And so a data center comes along and says, hey, we're pushing out our stuff by a quarter. Then it compounds.” — Jay Goldberg, The Circuit
Jay Goldberg · 26 Oct 2026 Listen →
“They actually have their own employees going on site to data centers now… checking to see how far along these fabs are… Here's a foundry. They're multiple layers removed from data centers, but they actually have people doing site inspection, trying to figure out what's real. I remember the days not so long ago when TSMC would just call up a sell side and say, what's your forecast for handsets? What's your forecast for PCs? And that would be their modeling.” — Jay Goldberg, The Circuit
Jay Goldberg · 19 Oct 2026 Listen →
“Trailing edge equipment is in shortage too now. In fact, in China, there's a very healthy second-hand semicap tool market. And that has gotten so tight that people are stealing equipment… Somebody pulls up a truck, presumably with 10 guys and a forklift, and steals equipment. That's how much demand there is.” — Jay Goldberg, The Circuit
Jay Goldberg · 19 Oct 2026 Listen →
“Dot-com, railways, cars, I mean, electricity, name a transformational technology. You had to wait for adoption for those to scale. … This is different. Everyone can use it right now with existing hardware. There's no adoption cycle of new costly hardware or things, widgets, to drive this cycle. It can be used today.” — Ben Bajarin, The Circuit
Ben Bajarin · 12 Oct 2026 Listen →
“I think if we did an episode on data center finance, we would have to title it Running Into the Street Screaming with My Hair on Fire in Sheer Abject Terror. … For years, semiconductor companies didn't take on debt for good reason. It's cyclical … and it's a high fixed cost business.” — Jay Goldberg, The Circuit
Jay Goldberg · 5 Oct 2026 Listen →

Hosts

The Circuit is hosted by Ben Deheron and Ben Beheron .

Recent Episodes

  1. 2 Nov 2026

    What a Week! Anthropic Opens the Books, Intel Raises More Questions, Marvell and Lumentum??

  2. 26 Oct 2026

    Micron's Roadmap, Meta's AI Infrastructure, and NVIDIA's Supply Chain Mastery

  3. 19 Oct 2026

    WFE to the Moon (Still), Semicon West and OCP Insights

  4. 12 Oct 2026

    Unpacking Marvell's Analyst Day, OpenAI Revenue Rumors, and the Heterogeneous Rack

  5. 5 Oct 2026

    Has the Memory Cycle Broken? Plus: Nvidia & Broadcom’s $40B+ Financing Playbook

  6. 28 Sep 2026

    Memory Pricing Pressures, Meta's Muse AI, and the Agentic CPU Crunch

  7. 21 Sep 2026

    Conversation with Ayar Labs CEO Mark Wade on Silicon Photonics, Co-Packaged Optics, and Next-Gen AI Infrastructure

    With Mark Wade and Jesse Leiter

  8. 15 Sep 2026

    EP 192: Talking Apple Silicon with Apple's Tom Boger, Kaiann Drance, and Sri Santhanam

    With Sri Santhanam , Kaiann Drance and Tom Boger

  9. 7 Sep 2026

    Ep 191: Agents Gone Wild: Broadcom’s ASICs and the AI Frontier

  10. 31 Aug 2026

    EP 189: NVIDIA and Marvell Earnings, Hot Chips Hot Takes

  11. 23 Aug 2026

    EP 189: Analyzing ADI Earnings, Custom Silicon Shifts, and Semiconductor Debt

  12. 17 Aug 2026

    EP 188: The Wild West of Optical, Cisco's AI Hack, and Is Compute an Investable Asset

Guests

Austin Lyons (6 episodes), Paul Karazuba (2 episodes), Tom Boger (2 episodes), Kaiann Drance , Tim Millet , Calista Redmond , Amir Panush , Forrest Norrod , Jordan Schneider , Sri Santhanam , Jesse Leiter , Huiming Bu , and 16 more.