This acquisition means nothing than moving money from 1 pocket to other. All board remains same, a sheik's relative versus other relative. Besides how wonderful to see huge investments at the time when global crisis effects are seen on spendings at semiconductor business. No matter what, political support with govermental incentives always will have effect on global production of semiconductors. Exp. intel-israel bargain for new fab...
I don't think technology will hit the road block or a brick wall. There is slaways something left out and we will see more and more electronics in the future. But the fabs are always tricky, return on the investments varies significantly since there is huge investments involved in building a fab.
Technolgy is going to hit the brick wall soon and doubt that anyone will be able to get back the ROI fast enough when there's more competiton pumping cash and building mega fabs. Also on the demand side, consumers are reluctant to send more than $1,000 on a digital product as their pockets are tight with uncertainty. Leading companies are building ecosystem that can manage the supply chain from fabrication, finished goods, partners, retail channel and end consumers. Without these, "me too followers " will only lose in the end.
It will interesting to see the political implications of foundry ownership by pseudo-government agencies. Will price and delivery always rule foundry process, or will ever-more government encroachment become the ace in a high-stake poker game?