I agree with your points, but poaching talent is just fine in my book. And profitability should be considered, but not required. Most national defense programs are ``profitable'' in that they are paid by us. Chips are a cheap strategic win in the scope of things. TSMC's entire operating budget is a miniscule line item next to the cost of threatening supply chain to downstream industries, or strategic loss from TSMC being nationalized by China (or ... going to war to defend against that)