@gruber @benthompson How can one reconcile Apple's relatively paltry capex spending vs. peer companies with Tim Cook's failure to increase capex to facilitate a more aggressive effort to onshore world-class microprocessor fabrication? History won't be kind to Cook. At this point, Cook simply can't feign ignorance:
https://www.nytimes.com/2026/02/24/technology/taiwan-china-chips-silicon-valley-tsmc.html