GlobalFoudaries is receiving $1.5B from the CHIPS act. While it might have made sense to try to help them catch up to the competition a decade ago, today we jus

GlobalFoudaries is receiving $1.5B from the CHIPS act. While it might have made sense to try to help them catch up to the competition a decade ago, today we just want to have any domestic capability comparable to TSMC in case China decides to invade Taiwan. Intel and TSMC will be able to get there much more quickly than GlobalFoundaries can. Furthermore, Intel is opening up their Fab to outside customers.