The Chokepoint
Jul 1, 2026
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7 min read
The 2nm bottleneck is somewhere else. One etch step, three suppliers.
Jun 24, 2026
5 min read
Three companies make the world's big gas turbines. Two blade manufacturers decide how fast they can build them.
Research
Jun 23, 2026
A live test of Tessara’s constraint model for the AI buildout
Jun 17, 2026
The AI fiber shortage is a glass-rod shortage and you can't make the rods on a GPU schedule.
Jun 15, 2026
9 min read
Why AI capacity is not the same as GPU shipments - 8 layers between wafer and live cluster.
Jun 10, 2026
AI's optical future depends on a test step only one company can run at scale
Jun 5, 2026
14 min read
Why memory defines what AI can do. A field guide to the four-tier hierarchy & the three companies that own it
Jun 3, 2026
America's AI grid runs through one Pennsylvania steel mill
May 27, 2026
No high-end processor ships without a film made by Ajinomoto.
