I figured you'd see margin compression from the major, volume-limited buyers: e.g. Apple, Nvidia, etc.
Paying a premium to get a quota with TSMC looks different, if there's competitive capacity, at least for large customers who can afford to retask their design teams to target a different process.
Even if only as a credible stalking horse in pricing negotiations with TSMC.
Paying a premium to get a quota with TSMC looks different, if there's competitive capacity, at least for large customers who can afford to retask their design teams to target a different process.
Even if only as a credible stalking horse in pricing negotiations with TSMC.