When it comes to semis, TSM is without question the clear leader over Intel and intends to not only continue leading but constantly increase it. Intel has had its chance and failed. Any investment should be an ownership stake or other clearly defined benefit, that's a true investment. I see no way Intel can offer anything substantial in finance, technology, or advanced production over TSM, not even close. TSM offers the benefit of an entire ecosystem of companies, many US-based, that would benefit the US directly to a significant edge over Intel. Just building a high-end semi workforce would be a substantial long-term benefit. Apple going with TSM only confirms this thesis.