> If all a company had to do was get first in line for TSMC's process, Intel would drop all their fabs and just pay that money to TSMC to beat AMD. What money?

> If all a company had to do was get first in line for TSMC's process, Intel would drop all their fabs and just pay that money to TSMC to beat AMD. What money? They already paid them. Building fabs has a massive upfront cost that you depreciate for decades. The economics have to make sense for them to move to TSMC