$Intel(INTC)$ I would say Intel's global fab mix is quite well suited to avoiding any future Trump semiconductor tariffs. 18A is in the US and will supply to the US mostly for advanced AI chips so that is fine, and they can duplicate out in Ireland. Ireland is in the EU and has the Intel 3 and 4 which is mostly what the EU and China will use so again no tariffs there as neither made nor supplied to the US. The larger process nodes are mostly in Israel or China itself so no tariffs there. What exposure there is to US made chips supplied to China can be shuffled to the EU plants or elsewhere off-shored. So, assuming 18A's best market is the US anyway and is made in the US then I think Intel is in good shape at least concerning tariffs. Everyone else is in terrible shape i.e. nVidia, AMD, Broadcom, etc. So, they might start to think more seriously about having some production on 18A ASAP to mitigate that risk. Will take them R&D effort to use Intel's process but once they have done that then it will be routine in future. A semiconductor tariff may be just the incentive needed to put Intel back on the map. Bad generally, good for Intel.