This is an excelent point I hadn't thought of. The industry is currently chasing itself upward, which prevents the supply chain from maturing. I found that the

This is an excelent point I hadn't thought of. The industry is currently chasing itself upward, which prevents the supply chain from maturing. I found that the cost to build a 65nm plant was $1.2B in 2021[0] which is a pretty mature node and that's still a large upfront cost, and smaller nodes would be even more expensive. So it's hard to say how low prices could fall. [0]https://finance.yahoo.com/news/bosch-inaugurates-1-2b-factory-155750443.html https://finance.yahoo.com/news/bosch-inaugurates-1-2b-factor...