Re: State subsidies will allow Chinese firms to eat everyone's lunch
"By the time governments & the WTO react, the demise of non-Chinese NAND & DRAM manufacturing will be a fait accompli."
I won't be so sure about that. 20 years ago (steel) and 10 years ago (solar) China was one of the lowest-cost destinations possible, so abit of subsidy went a long way in being able to undercut competitors. Now that standard of living (and cost) in China has moved from rock bottom to below average, a lot of low-cost producers have moved / are moving to lower cost countries eg Vietnam, Bangladesh, Phillippines etc. Of course these lower-cost countries have no or limited semiconductor expertise, but it's not out of the questio that US or Taiwanese manufacturers could set up shop in other countries in SE Asia, or even, if circumstances permit, Africa.