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It's ... really long, according to Dylan Patel on the Dwarkesh Podcast. The supply chain is extremely deep and complex.
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Yes. And the fab companies and their suppliers are deliberately and wisely slow to scale up production to meet short term changes in demand. They've seen the history of the semiconductor industry, it's constant boom and bust cycles. But they have the highest op-ex costs of anyone. So when the party's over they are the ones who pay for it the most.



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