this post was submitted on 04 Aug 2023
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Yes, the problem is production capacity, but it's very difficult to get that capacity up and running. For example, Intel started building 2 factories in Ohio last year. They won't be up and running until at least 2025.
This stuff is complicated and nobody predicted the rise of covid, crypto currencies, or AI, or if they did nobody was convinced enough to dedicate potential billions of dollars to building capacity to capitalize on it.