Arthur Hanson
Well-known member
As a full time investor, you invest in winners and stay away from losers, especially losers that have been going downhill. Biden should be putting money into TSM building US fabs with their proven track record on finances and integrity. Gelsinger of Intel may or may not become a great executive, but he is still unproven, although he seems to have a decent, but not a great plan for a turnaround. TSM is a beyond proven winner with a financial and performance record that is unmatched, combined with a level of integrity that is far beyond their competition. Going with third best, behind Samsung and TSM makes no sense as at best, they are several years away from being truly competitive at the top end at best, in an area that moves forward at lightning speed. Wasting resources and time in a world desperately facing many environmental, economic and social challenges is not only wrong but a sign of gross incompetence. A true world leader will seek the best solutions, no matter where they come from. This is not only a wise decision but one that shows we are truly a world power that seeks collaboration and cooperation over conflict.