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Physical stuff needs transportation, rail, river, or ocean. Small, expensive, intensive things like processors Can be made wherever.


Well, after you invest the millions or billions to build the fabs and cleanrooms and other infrastructure needed to build them. That capital expenditure tends to location-lock that business pretty good.


Fabs are spread out over pretty much all the world. Americas, Europe, Asia, Russia etc. all have a bunch of them. Africa perhaps not so much.

And while it may be true that the investment in a fab locks that fab in place, the next fab can be again built wherever.




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