I worked for TMSC for 20 years in their fab in Camas Washington as an engineer. They also have one in New York. He gave us all stock in TSMC America when he set it up. They really have no option but to offshore some of their fabs and they know that. While the Chinese are certainly an issue, earthquakes are a bigger one. The last major quake they had about 7 years ago damaged 3 fabs and pretty much destroyed another. While they were shut down for repair the bottle neck was gigantic. Most of these were down for months. To stabilize output they have to move some of their work out of Taiwan. In the years I worked there this happened three different times. This Fab has been going through planning for at least 5 years. There are several slated for this country over time. With the chips act I can see Morris not liking it. Things change with the wind in our current climate. It would not be out of the realm of possibility that a new president would pull the plug and leave them holding the bag