<p>➀ TSMC is expected to earn $60 billion in revenues from manufacturing 2nm wafers before Intel makes any significant money from the technology.</p><p>➁ The US government's decision to distribute the $250 billion Chips and Science Act money widely is criticized.</p><p>➂ Intel's share of the act, $19 billion, seems insufficient compared to TSMC's $30-40 billion 2025 capex and expected revenues.</p>