Honest question – am I the only one who perceives $Taiwan Semiconductor Manufacturing(TSM)$ 's total dominance in state-of-the-art chips as likely to persist over the long term? This is an exceedingly capital-intensive business. It is not akin to a small software startup that can conjure a novel contraption on a constrained budget. Consequently, displacing the incumbent leader proves exceedingly difficult for any new entrant. Chips constitute the future – AI and all else included. $Taiwan Semiconductor Manufacturing(TSM)$ , Samsung and Intel are the sole entities manufacturing chips en masse, yet the disparity between them and $Taiwan Semiconductor Manufacturing(TSM)$ remains vast regarding state-of-the-art chip production.
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