I was looking into TSMC worth and found that they had a patent war with Global Foundries, which resolved: "On 29 October 2019, TSMC and GlobalFoundries announced a resolution to the dispute. The companies agreed to a new life-of-patents cross-license for all of their existing semiconductor patents as well as new patents to be filed by the companies in the next ten years".
Isn't this some form of a loophole to fix the market?
Global Foundries was born from AMD splitting it out, and AMD learned through battle how to stop the giant and his patents from crushing you (or worse, keeping you out) by having your own critical patents important enough to force a cross licensing deal. I guess this is just a remake of x86/amd64 for them.
Someone has to fund Global Foundries with billions of dollars to plan and build out facilities, and that doesn't include the risk that they run into difficulties like Intel with scaling up. TSMC is reportedly spending $28b on capex this year, while GF is planning on spending $1.4b.
Isn't this some form of a loophole to fix the market?