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Tbh $XFAB lowkey reminds me of early $TSEM. Just sub <$2B MC. You basically never find a company with $NVDA and $NOK actively validating your pre-commercial silicon photonics foundry… (photonixFAB) While getting CHIPS act/Gov grants to subsidize capex. While leading the Europe’s effort to build a photonics supply chain. Feels like that alone would justify valuations… but you get the power semi SiC/GaN operations for free too and all its assets. CHIPS act 2 is coming out tomorrow, and $XFAB is listed in the photonics blueprints. Did I miss something? Or did markets miss something?