Scavenging Through the Valley of Death How onsemi took a $20 million option on a stranded GaN capability, and why the AI market and the substrate ecosystem will likely decide whether it pays off.

To ensure its supply chain keeps pace with the growing volume demand and pace of technology change, Nvidia is assuming the financial risk of a vertically integrated manufacturer without the control of owning the plants. Component suppliers that have the right technologies for the AI buildout should take note and move quickly: extract returns upfront, protect institutional knowledge, pursue diversification, and quarantine AI financials from the rest of the business.

Why Scarcity, Not Warpage, Will Force the Next Leap in Advanced Packaging