Conversely, AMD and NVIDIA could also fab their own chips in the USA and get a piece of the action, but they continue to use TSMC. While TSMC has fabs in Arizona, the parent company is located in Taiwan. Depending on the outcome in Ukraine, TSMC could be in crosshairs of a hostile takeover by Beijing. An absence of sufficient semiconductors in the USA is a consumer and national security disaster. Strong US semiconductor manufacturing provides insurance against these supply chain and intellectual property issues that would occur from a Chinese takeover of TSMC, and $52 billion is rather inexpensive to foster innovation, new jobs, and competition. Intel's new US-based fab will create 3000 permanent engineering, technical and administrative jobs, not to mention 7000 construction jobs.