Learning about semiconductor manufacturing,. mind boggled
The basic model of competitive markets which one finds in an introductory economics textbook—where independent firms engage in cold arm’s-length transactions motivated by unadulterated self-interest—does not apply to the industry. It better resembles a kind of coöperative, or a planned economy...If many aspects of the industry can’t be matter-of-factly cloned, it’s because they’re not particularly industrial. Some of them are properly artisanal.
huh (hardly the most interesting thing in that article)