fall behind either, and have spent much of this year lobbying Washington for handouts to fund their own expensive programs. Between them, Samsung and SK Hynix expect to spend around $450 billion in the coming decade with more than 150 other companies as part of a coordinated effort to continue the development and production of semiconductors, which the government calls a “strategic weapon.” Intel Chief Executive Officer Pat Gelsinger and Micron CEO Sanjay Mehrotra are determined not to let the U.S. Samsung said Thursday it plans to triple some capacity by 2026, which comes in the context of a bold blueprint outlined earlier this year by South Korean President Moon Jae-in aimed at keeping the nation’s place as a technology powerhouse. Instead, it seems nationalism and government interference are having an outsize influence on market forces, which will result in excessive expansion that won’t be matched by even the most bullish of demand scenarios.
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