The amount of centralization of fab tech is astonishing. You've got all the sub 7nm fab tech that the whole world depends on for the next generation of technol

The amount of centralization of fab tech is astonishing. You've got all the sub 7nm fab tech that the whole world depends on for the next generation of technology coming out of a few fab plants in Taiwan. Software is easy. Material science is hard. There is one company that makes the machines that the Fab uses. They cost several hundred million each, have a multi-year backlog and only TSMC has really mastered integrating them into a manufacturing process that can scale. Thankfully, things are getting more diversified. TSMC just started construction of one of several new plants in Arizona last month: https://www.phonearena.com/news/construction-of-tsmc-5nm-fab-in-phoenix-begins_id132524 https://www.phonearena.com/news/construction-of-tsmc-5nm-fab...