This is good news. The price you pay for jacking up your prices is losing market share.
Once established, the Chinese vendors will retain most the market share if the quality is ok. The SK/JP vendors are making a big mistake.
Everyone is completely sold out and adding capacity as quickly as possible.
It's not clear that raising your prices to match the supply/demand curve is a mistake
They will compete on price if they are forced to, but they aren't forced to right now