If I were Intel and a deal were really in the works contingent on antitrust, I would argue that: (a) Intel is a distant third in fabrication and a merger with

If I were Intel and a deal were really in the works contingent on antitrust, I would argue that: (a) Intel is a distant third in fabrication and a merger with another also-ran would improve competitiveness against state-backed TSMC and the Samsung chaebol; (b) the severity of the demand creation in the market justifies an acquisition that streamlines existing players and makes them more productive than the sum of the deal's parts; and (c) bringing GloFo under a US-owned corporate umbrella is vastly beneficial to the national interest in a way that only Intel can fully enable.