They have to expand capacity, Chinese company CXMT is scaling fast; Micron and SK need to protect their market share even if they risk trading at a loss in 2028.

If people read nothing else, they need to read this. Now that they have EUV etc CXMT and others in China will scale much much faster. They always had the EE’s and hardware people. I’m excited to see what happens.

Or they’ll just take the easy money and join the price fixing cartel

Or they’ll run the others out of business by doing a Walmart and then just jack up prices.