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Re:Did You Say “Intellectual Property”? It's a Seductive Mirage by icebraining on Sunday May 18, 2014 @01:24PM (#7763618)
All they produce, according to you, is imaginary property.

No, what they produce are useful designs of chips; whether they are - or should be considered - property is a different matter. After all, inventions don't become useless or unimportant the moment their patent expires.

Re:Did You Say “Intellectual Property”? It's a Seductive Mirage by IBM on Sunday May 18, 2014 @01:27PM (#7763626)
They're considered property in the eyes of the law via patents because this isn't some philosophical question and that's how their product and business is protected in practice.
Re:Did You Say “Intellectual Property”? It's a Seductive Mirage by icebraining on Sunday May 18, 2014 @02:25PM (#7763812)
They're considered property in the eyes of your particular jurisdiction. They might not be in another - even if probably not for long, since chances are the US will bully them into compliance, as we've been seeing with TPP.