It seems like the chip race isn’t just about who can build the smartest tech anymore. Looking at Intel’s latest news, the company initially targeted a $15 billion share sale before it increased the offering to $20 billion, with a share price of $95. Modern chip factories require billions of dollars in upfront investment before they can start producing chips. That leaves a relatively small group of companies responsible for a huge share of global chip production. It raises some important questions: can these major chip factories keep expanding without continuous help from governments?