The market sized the fabs and pricing pressure led to the fabless business model and fab consolidation. If the market economics of race to the bottom don’t ch

The market sized the fabs and pricing pressure led to the fabless business model and fab consolidation. If the market economics of race to the bottom don’t change, the taxpayers will be on the hook for subsidizing these facilities and the expensive upgrades to keep these facilities relevant. I work in this industry and support expansion but don’t think the taxpayer should have to subsidize chip fabs. If customers want more supply, they have to be willing to pay for it in higher prices. The fact of the matter is that they are unwilling to pay higher prices. So not sure how the economics of all these fabs are going to pan out long term.