Hardware

The broad consensus in the semiconductor industry is that long term growth over the next 10 years will be far larger than what is believed to be the current short term dip. As such, everyone across all parts of the industry are increasing their capacity to prepare for that demand since they realized how much potential profits were lost due to lack of capacity during the covid times. I think that bet will turn out to be true, but I also think there will be some losers amongst the smaller companies that do not directly fab chips.