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Fed-up Torvalds suggests disabling AMD’s 'stupid' performance-killing fTPM RNG
(www.theregister.com)
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This is already the case with your motherboard firmware, which fTPM is a part of. You are correct in that you have no real way to handle malware in it except throw it away. This doesn't change in any way if you get rid of TPM.
It decreases the attack surface.