Brilliant framing of the ratchet effect here. The timing really is brutal for memory vendors, they're locked into capacity expansions that wont deliver until 2028 while architects are making design decisions right now. I worked adjacent to semiconductor supply chain and the 3-4 year design cycle creates this weird lag where the market fundamentals have already shifted but nobody can pivot. The memory industry basicaly painted themselves into a corner with HBM pricing.
Hi Ben, thank you for your insightful articles. Please enable the Audio Play feature so we can listen instead of having to read each article. I always listen to articles on Substack, instead of reading, but, without the Play button, that simple action is harder. Thank you. 🙏
Brilliant framing of the ratchet effect here. The timing really is brutal for memory vendors, they're locked into capacity expansions that wont deliver until 2028 while architects are making design decisions right now. I worked adjacent to semiconductor supply chain and the 3-4 year design cycle creates this weird lag where the market fundamentals have already shifted but nobody can pivot. The memory industry basicaly painted themselves into a corner with HBM pricing.
Hi Ben, thank you for your insightful articles. Please enable the Audio Play feature so we can listen instead of having to read each article. I always listen to articles on Substack, instead of reading, but, without the Play button, that simple action is harder. Thank you. 🙏
The audio works. Maybe use the Substack app?
Yes, Ben. I'm using the app. Initially there was no Play button, but after a few minutes it showed up. 🙂