It's true that memory companies formed a cartel in the early 2000s, and I'm not saying the memory companies did nothing wrong.

It's just that in the context of the current price surge, the biggest factor varies depending on how you look at it, but hardware manufacturing itself has problems with fixed-cost structures and demand monopolies. It's a problem of sunk costs. If fab utilization drops, losses pile up. In other words, a fab has to run 24/7.

So the problem is that if a fab stops running, astronomical losses begin, so it's natural to hesitate in investing in production facilities. And that hesitation is driven by fundamental issues of supply and demand. That's also why memory became expensive.

Ultimately, it seems you agree that the current prices were formed by these voluntarily created conditions, right?