> The thing is, the old GlobalFoundries fab has been constructed decades ago. Building something like this from scratch nowadays involves so much more paperwork

> The thing is, the old GlobalFoundries fab has been constructed decades ago. Building something like this from scratch nowadays involves so much more paperwork than back then, it's a massive hurdle to overcome. The big Bosch fab was built in 2021 (they previously had a smaller one, I think). The latest Intel fab in Ireland was finished in 2023.