Western memory manufacturers decided to chase the AI bubble, abandoning the consumer and low-requirement markets entirely.

Chinese manufacturers are now capturing that entire segment with full vertical integration. When this bubble stabilizes, because it will (it's not going to grow to infinite), Western companies won't recapture those markets.

They've already ceded competitive advantage for the next decade. This is a structural shift, not a cyclical shortage.

It's another step in the transformation of Western industry that began in the '80s: the shift from real economy and human-centric production to financialized operations.