alt Hacker News> Not a system that necessarily works all that well if one player has a short-term ability to vastly outspending all the rest.
Well yeah, people were identifying that back when Apple bought out the entirety of the 5nm node for iPhones and e-tchotchkes. It was sorta implicitly assumed that any business that builds better hardware than Apple would boot them out overnight.
> It was sorta implicitly assumed that any business that builds better hardware than Apple would boot them out overnight
It's not "build better hardware" though, it's "continue to ship said hardware for X number of years". If someone buys out the entire fab capacity and then goes under next year, TSMC is left holding the bag