[cptskippy]

> They're not the only ones affected by shortages

I think it's also disingenuous to continue to refer to increased demand as shortages because the implication is that there was a shortfall in production. The reality is that there was an increase in demand and limited capacity.

[totalZero]

I think "shortage" means "scarcity," while "shortfall" means "deficit." Just because you have a shortage doesn't mean you have a shortfall whereby suppliers somehow failed. Of course, there have also been shortfalls....when a plant catches fire or production gets delayed due to power outages, that results in a shortfall.

Overall I'd say you're right. Capacity has so much inertia that it lags beyond the created demand. That isn't the fault of the foundries, it's just an artifact of unpredictable market behavior.