The fab game is just inherently boom and bust. The economics of a fab mean that it's built at massive cost but the unit economics are incredibly efficient so fa

The fab game is just inherently boom and bust. The economics of a fab mean that it's built at massive cost but the unit economics are incredibly efficient so fabs then run at 100% utilisation regardless of demand until EOL. The result is that investing in a new fab isn't possible until demand is eclipsing current supply such that it can warrant the capital outlay. Boom and bust like clockwork.