Apple last week announced they were moving a large fraction of their chip production from Asia to Arizona in a new fab joint venture with TSMC. TSMC is 1/5th the size of Apple, so it would barely dent the balance sheet to gobble up the Taiwanese national champion. The more I think about it, the more I am tempted to think Tim Cook might be the only person alive that could pull something like that off, so who knows. Chips are the new black...