But the article mentions that capital spending is down. Their revenue is also not really growing to support even bigger investments. Government subsidy will only take them so far. And they have stronger competitors in almost every domain they compete in.
Sure, but the new fabs take time to build and spin up. I don't know how exactly they spend that money, but I'm guessing a large amount is up front (acquiring land and starting construction etc), so it doesn't seem impossible that spending slows down once construction is well under way?
Comments
But the article mentions that capital spending is down. Their revenue is also not really growing to support even bigger investments. Government subsidy will only take them so far. And they have stronger competitors in almost every domain they compete in.
Sure, but the new fabs take time to build and spin up. I don't know how exactly they spend that money, but I'm guessing a large amount is up front (acquiring land and starting construction etc), so it doesn't seem impossible that spending slows down once construction is well under way?