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Intel crashes 29% in worst day since 1974, wipes $140B (worldbusinesswatch.com)

submitted 2 days ago by alessandro@lemmy.ca to c/pcgaming@lemmy.ca

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[–] Mikrochip@feddit.org 2 points 15 hours ago

Fair, the world is rather nuanced after all. And you're right, there is indeed some presence there. I'm not convinced every part of the supply chain holds equal value, but that's subjective, I suppose.

Strategically it would be smart to have working fabs in Europe too, it would just take a lot of time and investment. America already started working on it (if I remember correctly) and China is already closing in…

Yeah, I wish. Our (=German) previous minister of economic affairs tried doing that, but a combination of Intel (maybe not the best choice in hindsight, but I don't blame him for that) and the government getting replaced by the current one lead by our beloved Friedrich Merz (yay Neoliberalism) put a stop to that for the foreseeable future. At least we still have some semiconductor manufacturing in Europe, that should make any potential catching up much easier than it otherwise would be.