Is this fair?
The article mentions the billions that will be spent by South Korean and Taiwainese companies and yet they are the only companies that have already been spending on both process and fabs.
I think todays problems are from two sources. One is Intel and the missteps over process. It is behind in manufacturing because it went down the wrong path. And it would be strange to spend billions building fabs based on a process that does not work, so they haven't. They just spent billions on a process that did not work.
Secondly though TSMC and Samsung (and Intel) have spent to be able to build the latest and greatest, most companies have not. And the latest CPU/GPUs require the latest and greatest and those CPU/GPU are in more demand than ever. So blame all of the other companies that dumped their fabs to avoid the capital costs, leaving fewer and fewer manufacturing companies.