In 2020, TSMC spent a record $18 billion on building new factories for their chips. TSMC just announced they are spending $100 billion on new factories over the next 3 years. This will radically change the chip landscape. Many other companies, including Samsung and Intel, are upping their spending as well.

Of course, at some point there will be a chip glut again but this greatly increased chip capacity will change the world that we live in. It will also make AGI (Artificial General Intelligence) that much closer to reality… (All this money gives companies an incentive to spend R&D on smaller transistors, etc.)