Re: Anyone building Fabs?
Not really, every process shrink adds 2.25x more capacity per wafer. They don't need to build fabs to make more flash.
The memory business has always been boom and bust. A few lean years cause a few players to go out of business and older fabs to not get upgraded. Then prices stay flat for a few years (i.e. you make 2.25x more revenue per wafer) and the remaining players add new capacity to capitalize, a glut results, and the cycle begins anew.
We're currently still kinda sorta in a boom cycle, but as the industry has consolidated so much the booms and the busts are reduced in magnitude. Maybe they are getting smarter, but more likely they are secretly colluding. Which is fine, as with OPEC there will be enough cheating to keep the market well supplied and avoiding a bust will allow a longer if more moderate boom to continue longer.
Biting the hand that feeds IT
