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Beyond the GPU: What the AI Infrastructure Buildout Means for the Real Economy Subtitle: From compute bottlenecks to industrial consequence — where value may actually concentrate through 2030 Series: AI Compute Supply Chain | Part 5 of 5 Author: Sinclair Huang | sinclairhuang.org [INSERT COVER IMAGE: cover_article5.png] From compute bottlenecks to industrial consequence. For the past four articles in this series, I have written about CoWoS, HBM, ABF substrates, SEC filings, and the fault lines that could eventually crack today’s moats. ...

Article 4 | Stress-Testing the Moat: Four Threats That Could Rewrite the AI Supply Chain Subtitle: TurboQuant, HBM demand reversal, geopolitics, and glass substrates — not a doomsday scenario, but a disciplined analysis. Series: AI Compute Supply Chain | Part 4 of 5 Author: Sinclair Huang | sinclairhuang.org Four pressure vectors. Four clocks already ticking. The question is not whether these moats will last forever — it’s whether you know which one breaks first. ...

Series: AI Compute Supply Chain | Part 3 of 5 The previous article built a framework. This one tests it with documents. Before writing this piece, I set aside the analyst summaries and went to the source: TSMC’s 2024 20-F filed with the SEC on April 17, 2025; Micron’s most recent 10-K and two 10-Q filings; and SK Hynix earnings call transcripts for the past three quarters. I have a habit with regulatory filings that I developed over the years of reading them for investment and business decisions. Summaries tell you the conclusion someone chose to highlight. The original document tells you something different: which number was emphasised, which risk was disclosed only because the regulation required it, and what the company is most careful about saying exactly right. ...

Series: AI Compute Supply Chain | Part 2 of 5 The first article in this series explained what CoWoS, HBM, and ABF are. This one answers the harder question underneath: who controls them? Knowing that these three layers matter is the entry ticket. The real analytical edge comes from understanding who in each layer has the power to say no — and what happens to the whole chain when they do. ...