>I've been in tech for ~40 years now and I've never seen anything like this.
Then how do you not remember the DRAM shortage of the late 1980s?
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At worse back in 1988 it impacted only PCs.
This shortage in 2026 is more consequential across the board and impacts consumer electronics as a whole and the fact it's going to last years means that many low cost manufacturers are going to close up shop because they won't be profitable.
I'm pretty sure there were more DRAM manufacturers back then, and spinning up a new fab probably didn't require as much know-how, capital or even time.