in a sense that's exactly what cartel wants - to lure out investments that will get squashed into uselessness by supply flood that will follow

The key is Apple can be their own customer and just not care anymore.

It’ll probably only be worth it if it enables something “new” like more bigger Ultra chips or something.

and that's part of risk management, on both sides

does Apple have enough of a design moat to overcome eventual overprice compared to competitors when "outisde" production is 2,4,10x cheaper

does Apple have enough of income/savings to maintain internal production capacity if it decides to switch back to outside sources

or can Apple acquire enough fab competence to negate internal/external price difference

we'll see how it plays out

Who is the cartel?

SK Hynix, Samsung and Micron?

They should be banned.