> Why is demand extremely high...

Data Center projects that were announced a couple months ago are now beginning to be built out.

Additionally, there have been some supply chain issues the past few years due to trade wars between the US, SK, and China [0], along with the earthquake that hit Taiwan last year [1].

Generally, you feel the pain of supply chain issues within 6-18 months of the initial incident, which is where we are now at because stockpiles have been reduced significantly.

[0] - https://www.digitimes.com/news/a20230310PD204/chip-war-memor...

[1] - https://www.reuters.com/technology/micron-flags-hit-its-dram...