IFS 18A process node was shown today to have the same SRAM density as TSMC N2

IFS's stock jumped 5% last Monday after a report saying 18A is more performant than N2, albeit at a 30% lower density. Well, now we know that was wrong, and that TSMC mislead us in their last investors call. 18A is *faster* and *the same density.* Oh, and will come to market *a year early*. Did I mention it's *less expensive* as well? Oh and *tariffs*?

https://preview.redd.it/ldbsoiewb6ke1.jpg?width=1668&format=pjpg&auto=webp&s=2896f3397e672826026623c4a62d6c21ab65ae2c

The best process node in the world will be made in America later this year. Yet, IFS is still a negative carry in another company's balance sheet according to the market.

Position: 20C expired the week before the current rally, re-using the screenshot. Losses are fully realised.

https://preview.redd.it/la3fzb3zb6ke1.jpg?width=1413&format=pjpg&auto=webp&s=cfc9ba84c3e8d901a6b0d55a06997354c52ad7a0

Source: [https://x.com/IanCutress/status/1892246045385515266](https://x.com/IanCutress/status/1892246045385515266)