The semiconductor supply crunch isn't just cyclical—it's baked into the industry structure.

Micron's recent announcement on memory capacity reveals why: a $100 billion mega-fabrication plant in New York signals a decade-plus commitment. This isn't a temporary fix or short-cycle expansion. The infrastructure investment alone tells you the market expects sustained, structural demand for memory chips.

What does this mean? Memory scarcity premiums could stick around longer than most traders anticipate. For anyone tracking mining hardware economics or GPU-intensive blockchain infrastructure, chip availability and pricing dynamics just became a multi-year variable. The real bottleneck isn't demand—it's production capacity catching up.