The US should be assiduously, with all due haste, working to replace and/or duplicate most of the Taiwan semiconductor industry onshore ASAP, with Manhattan project speed and determination. On the assumption that China will be invading Taiwan within....weeks or months. At the same time devising a means to “disable” TSM. The machines can’t be removed conveniently, but there has to be a way to “pull the PROMs.” Not doing so risks being caught pathetically flatfooted. I know there are fab facilities being built in a few Midwest states. But this has to get going with deadly seriousness, because that is exactly what it will be when that day comes.
AMD had another great quarter only to have the FED and the Biden administration squash the stock prices yet again.