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A gloved hand holds a circular silicon wafer with a rainbow-colored iridescent surface against a dark background
Article · chipsDeep read

Why only a few foundries make the leading-edge chips

Leading-edge chip manufacturing has collapsed to a handful of companies, in practice one clear leader and two challengers. The reasons are structural: staggering cost, an unforgiving learning curve, and a feedback loop that punishes falling behind. Here is how it works.

Ahmad J · Jul 31, 2026 · 8 min read