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AND they continue to make money while engaged in one of the largest construction projects ever for them.. quite a management magic trick

Magic? This is what Intel has been doing for 40+ years. It is SOP (standard operating procedure). Yes, it is amazing...but building the newest generation of FABs is what Intel does, constantly.
The question is are they building fewer of them or delaying them more than in the past due to the slow down in PC chip sales?

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