[ksec]

There were plenty of other DRAM manufacture before them as well. But the Boom and bust cycle wipe out those who weren't big enough or adequately prepared.

Nearly every single DRAM cycle we go through the same thing. People are saying memory are so cheap we are going to get 32GB/ 64GB / 128GB very soon. Just like they did 2-3 years before. Then every single DRAM up cycle they were earning insane amount of money, with this one being exceptionally high. Not only covering their previous lost but also extra profits. And every single time people cry out price fixing.

And every single time, Interviewer, financial reporters or share holders will ask TSMC's CEO Morris Chang the same question, and this is before TSMC was even well known in Tech cycle, will they make DRAM given it is just Fabs, TSMC could do it. And every single time in the past 20 - 30 years Morris had to explain the whole thing again.

Frankly speaking I have been rumpling about DRAM being commodity on HN for nearly 20 years. It is the first time I have seen a few comments finally picking this up as shown in the current top comment.

[whatever1]

I don’t remember any time in recent history where demand skyrocketed so fast and so far away from supply. In previous cycles you mostly had supply driven shortages (remember all the fires?).

Maybe crypto surge was the closest to what we observe today? But again completely different magnitudes of demand. No company put 1T of capex for mining