A couple of counterpoints and expansions. kinda of true, assuming you want to be more than a fabless company. But spinning up a fab 1 gen behind can be profita

A couple of counterpoints and expansions. kinda of true, assuming you want to be more than a fabless company. But spinning up a fab 1 gen behind can be profitable, especially if it means higher yields (and thus lower costs). true * Still lots of money to be made at the forefront, i.e new chemistry, new lithography, better process control, etc. Lots of money in layout and software. Pretty decent money in RF work. China has proved itself more than capable of replicating anything you put out there -- all it takes is some plans and a few key engineers, plenty of whom are Chinese nationals. I agree.