
TSMC Risk
Stratechery
00:00
Historical CapEx choices created today's shortage
Ben shows how TSMC's flat capex after 2021 caused current shortages despite hyperscalers' later massive spending surges.
Play episode from 06:10
Transcript

Ben shows how TSMC's flat capex after 2021 caused current shortages despite hyperscalers' later massive spending surges.