[missedthecue]

I don't think it's a misunderstanding of supply and demand. There can be an explanation on both sides of the equation. Increasing supply is a solution to increased demand, but it's worth sharing that demand itself has increased and why it's increased.

Take a look at chip shortage a few years ago. Demand went to about 5x normal demand in the space of a year. The solution was to increase supply but it's not a misunderstanding of supply and demand if you told me that demand increased for xyz reason.

[BMc2020]

Demand fell off off a cliff.

[missedthecue]

according to Patrick Gelsinger, CEO of Intel, demand for semiconducters grows at 5% per year. Covid drove demand to "twenty-plus percent"

https://youtu.be/mV0ek-i9C8U?t=105

I believe he of all people would have an adequate pulse on the industry during that time.

[BMc2020]

Semiconductor Sales

2017 419 billion

2018 468 billion

2019 418 billion

2020 439 billion

2021 555 billion

2022 573 billion

Do you see the cliff? (hint: 2019)

Source: Lived through it