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Because it's a bad deal. N3 isn't a good node and offers ZERO SRAM scaling. It's a stopgap for N2 GAA.

At the same time, chip shipments have dropped like a rock as everyone braces for recession. Nvidia allegedly even tried to cancel most of their N5 orders because they didn't think they could move the chips.

Apple is pretty much the only company willing to pay large amounts into a risky market. There may not have even been any serious bids aside from their own.



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