The semiconductor supply chain will underbuild not because it cannot expand but because nobody in it believes the demand is real.

Founder and chief executive of SemiAnalysis

Um in general the semiconductor supply chain has not right it's lived through the booms and bust and uh we can talk a bit more about it but basically no one you know some players as of very recently have like woken up but in general no one really sees demand for 200 gawatts a year of AI chips or you know trillions of dollars of spend a year in the semiconductor supply chain.