Lowlights:
Pat is boxed in everywhere:
- technology: EUV cost vs. lack of scale
- business: No foundry willing to support so far
- personnel: bloat and lack of know-how (and courage) to reform
- finance: huge burn rate of the fabs.
Highlights:
- China reopening
- US Government
- Potential war bonanza
Only personnel is within his control. The all the rest rely on prayer.