[fauigerzigerk]

I agree. But Micron says it wants to end the boom-bust cyles in the memory chip business for good. It won't work.

A higher price floor for longer creates an incentive for competitors to bring more capacity online. The eventual supply glut will be even bigger.

The cyclicality of the semiconductor business (especially for simpler chips) is a result of the fact that inventory can build up. That hasn't changed and it never will.