To be fully honest, I don't understand why companies do so much business in China. Yes, there's money, but there's so much danger and risk involved it increasingly looks like betting on Bitcoin for your retirement.
An example of this would be what happened to the ARM China division, which has gone completely rogue and the Chinese government couldn't care less.
There's also the fact that, Intel and AMD for making the most high-performance parts should have the upper-hand. If they refused to do business in China, the Chinese government and citizens would be forced to mass-import their CPUs and not be able to control them. ARM is not even close to ready to run Chinese data centers.
Of course, this would incentivize China to immediately do everything they could to replace Intel and AMD, but they could be forced to grovel in the meantime. And Intel and AMD can feel comfortable they aren't supporting genocide (at least according to the UN).
Companies aren't to blame. Our lawmakers are. They need to pass laws that protect US interests but for last 3 decades, they've sold the American worker's soul to the CCP & private-gov enterprise in China. Apple spent $275 billion to boost Chinese manufacturing, but fuck-all to do anything in US. They could have built a whole ecosystem of US electronics manufacturers and make everything in US + Mexico, but their shareholders will never vote for it. So, laws must be passed to force them. The revolving door in DC has crushed the working class people of US and the same goes on in EU, the west generally.
> They need to pass laws that protect US interests but for last 3 decades, they've sold the American worker's soul to the CCP & private-gov enterprise in China.
Companies are not blameless - it's a 2-step process. Lawmakers sold the American worker's soul to capital (companies), and the companies sold them on to China, with a fat markup.
The motivations are clear: politicians get donations and cushy jobs, the company executives get very rich due to increased short-term profits and increased valuations on the hope of establishing a foothold in a humongous growth market, China gets tech transfer, exports and a skilled workforce, and American workers get nothing, save perhaps a tiny sliver of company ownership through a 401k, if they are lucky to have one.
The reality is that China's farsighted rulers don't want to be a US client state/ colonial possession and have imposed strict rules on market participants in exchange for access to their 1.5 billion consumer market. American businesses can put up or shut up.
The current FTC and DoJ leadership are the most anti-trust since the (first) Roosevelt administration, it seems (nevermind that they were established after the fact, I'm being hyperbolic)
This acquisition brings AMD up to par with Intel's market share in the chip market.