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I think that they are, in fact, intending to open new fabs in both Japan and Europe. Given the presence of GlobalFoundries and others in Germany, that would make sense for a European base.

This doesn't mean that it's not _also_ intended to help with negotiations, of course. It can be both true, and stated out loud for the purpose of seeing what other offers come up.

They gotta talk about something…

and for that they need to amplify the smallest signal into a trend! I mean noise…

they are building one in japan