> it's the perfect time for any newcomers to enter the market

This is a good hypothesis. Curious if anyone has data on the failure rates of new entrants in semiconductors based on how frothy it was on founding.

On one hand, more demand makes selling easier. On the other hand, a shortage makes your input costs (consumable and capital) pricier.

EDIT: It seems like the 2 to 3 year lead time and a crowding effect from new entrants historically made booting up a fab into a boom a bad bet [1]. (The article argues, convincingly, that this time may be different.)

[1] https://www.uncoveralpha.com/p/every-memory-cycle-ends-the-s...