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It may also be to get to self reliance on chip consumption. China has a large push into EVs and is already an industrial, consumer electronics giant. All of these use trailing edge chips. Given worries around tightening WFE restrictions and long term ambitions in these industries, accelerating...
An alternate take on the Stuart Pann debate here. The two perspectives shared so far are a) trust with Pat / Intel Board is important; b) foundry experience is important. The third I would add is c) trust with potential customers is important. This in a way leads back to the foundry experience...