Seemingly the AI bulls are either not sufficiently optimistic, or not sufficiently wealthy(?!), to build new fabs as joint ventures with the manufacturers in which they agree to assume most of the downside risk?
Seemingly the AI bulls are either not sufficiently optimistic, or not sufficiently wealthy(?!), to build new fabs as joint ventures with the manufacturers in which they agree to assume most of the downside risk?
They signed long term contracts for the hardware delivery over years. AI investment is approaching 1 trillion per year and expected to grow to well over 1 trillion per year. [1]
Even over their many years, projects like the Manhattan Project, the Apollo Program, or the U.S. Interstate Highway System never added up to that. [2]
Is your argument that there is insufficient AI spending at present as they aren’t also taking on building their own fabs?
[1] https://www.pwc.com/gx/en/news-room/press-releases/2026/glob...
[2] https://www.aljazeera.com/news/2026/2/19/visualising-ai-spen...