Summary: Stratechery warns of TSMC chip supply shortages

Why It Matters: The world's biggest tech companies want to build AI faster than the world can make chips. If the main chip maker stays cautious, it could slow down the entire industry and limit how much money competitors can make.

What Changed:

• Replaced a long critique of Apple Vision Pro sports broadcasting with a new deep-dive article on TSMC.
• Updated the "Latest Podcast" section to feature a new episode of Greatest of All Talk regarding NBA trades and injuries.
• Added a detailed analysis of how TSMC’s flat spending from 2022-2024 created the current AI chip shortage.
• Included new data comparing the massive infrastructure spending of "Hyperscalers" (Google, Microsoft, Meta, Amazon) against TSMC’s more conservative investment plans.