RECEIPT #BEN-TH
DEC 18, 2024
PREDICTION BY
Ben Thompson“Rapidus, Japan’s new foundry on the leading edge, doesn’t make economic sense; it is one of many examples in that regard, as the world enters a new age of uncertainty and AI.”
FOLLOW-UP
Rapidus continued to operate as a heavily state-backed project, fitting Thompson’s characterization that the project 'doesn’t make economic sense' in strict commercial terms and is better understood as a strategic/industrial-policy initiative.
ORIGINAL SOURCE
stratechery.com