And what happens if the market settles back down or the leading memory tech pivots away from what you invested all this capital and time chasing?

You'd need a very strong, very particular forecast to make such a costly bet. And conversely, it may say something about their internal forecasts that they're not making the bet.

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lesuorac 33 minutes ago | parent | next [-]

> And conversely, it may say something about their internal forecasts that they're not making the bet.

Idk if you can read into it that way.

All these companies have cafeterias but you don't see them investing into farmland so they can get their bananas a few cents cheaper.

But also why bother spending 20B on a fab when you can invest 20B into TSMC and let them build the fab?

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shimman 35 minutes ago | parent | prev [-]

Why should society care about people making profits? Society would greatly benefit from cheap abundant ram than FAANG shares going up. I'm kinda sick about only caring that some billionaire makes more money and would rather you know... actually improve conditions to better society.

This is why China is eating the West. Quite easy to start an electronics company when you have such an abundance of suppliers, compare this to America where there is maybe one or two players in the entire nation.

Quite pathetic, but we live in a pathetic world so it tracks.

	▲	prewett 4 minutes ago \| parent \| next [-]
		Society should care about people making profits because otherwise those people do something else instead of providing goods and services. What happened in Communism is instructive on this point. Now if you want to argue that the pursuit of maximum profit as an end is a problem, there's a case to be made. The US had something like a marginal tax rate of 90% around the 1940s/1950s, if I recall correctly, and it obviously didn't hurt innovation, but people got paid in perks and corner offices and status instead of just money. I think people are misled by Marx and derivatives, and misdiagnose the problem. I don't think people are upset by the CEO making lots of money as much as they are by the HBS management style of using people as a tool, or even as interchangeable "resources". However, the philosophical materialism of Marx & Co. pretty much makes this inevitable. (The secular view is also materialism, so you get it on both sides.)
	▲	hcurtiss 15 minutes ago \| parent \| prev [-]
		You think Chinese businesses aren’t in it for the profits?