[wrycoder]

1. If Taiwan loses, the fabs will be scuttled.

2. If China loses, they will bomb the fabs on the way out.

3.

[triactual]

Number three is run away profit for every other fab in the world. Like the fabs in hard-to-bomb parts of the US. I realize they are not at the level of TSMC but that’s because they have not had to get to that level. They will.