Sanjay Mehrotra said the industry suffered from low prices, leaving companies with insufficient funds to expand production.
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If my Granda had wheels she'd be a bicycle
So, the argument is, "the markets forced us to collude and price fix!"?
Sounds like "blame the victim" mentality to be honest.
No, the argument is, "If y'all hadn't squeezed us so hard, it would have been more profitable to invest in expanding production, so we'd have built more fabs and the memory shortage wouldn't be as bad right now."
It's a pretty straightforward argument; I'm not sure why it seems so difficult for you to understand.
When supply and demand moves prices up, it's the invisible hand of the market. When it moves prices down, it's your individual fault and you should consider paying suppliers reparations.
Too bad that companies expecting massive profits from certain investments can't get a credit for them! Nope, all out of money!