industry-structure

The geographic and corporate concentration of the chip supply chain expressed as engineering risk — single points of failure, the cost of redundancy, hedging strategies, and the customer-side concentration that mirrors the supply side. Structural analysis, not prediction.

The three business models in chip manufacturing — fabless designer, pure-play foundry, integrated device manufacturer — and the capex, yield, and learning-curve forces that drove the leading edge into a small handful of firms.