Baker says Jensen Huang visits Taiwan Semi quarterly wanting capacity doubled or tripled but they only expand 5%.
“And so they're just simply not expanding capacity as fast as Jensen wants. Jensen goes there every three months and, you know, maybe they expand, you know, 5%. He wants them to double or triple.”
Baker says there hasn't been a true semiconductor capacity cycle since the late nineties due to TSMC smoothing supply.
“We haven't seen a true capacity cycle in semis arguably since the late nineties. And that's because Taiwan Semi has been so good at aggregating and smoothing supply.”