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Equipment = billions.

A bunch of talented people with experience who can use the equipment productively = priceless. Probably can't be bought, otherwise some countries would already have done it.



The (mainland) Chinese are buying as much TSMC talent as possible [0] so don't count them out just yet. It turns out everyone has a price.

[0] https://www.google.com/search?q=china+hiring+tsmc


The question is about design of chips, not manufacturing. That is quite the difference in the market that has developed.




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