There are plenty of fabs left. The problem is that each iteration comes with a staggering cost that takes time to make back. A lot of plants quit chasing the

There are plenty of fabs left. The problem is that each iteration comes with a staggering cost that takes time to make back. A lot of plants quit chasing the latest and went to niche markets where the money is better. That said, if some of the remaining competitors drop out, and prices rise enough, you'd see a couple reemerge.