$20B a single Fab. And you don't just have one Fab. You need multiple. And again I have to state this every time, the most expensive Fab is empty Fab. You need to fill it, and you need to fill constant and consistently for years.

>but it seems they'd be a prime candidate to spin up their own memory fab.

They will be the prime candidate to work with memory makers for additional capacity. Not to start their own one. Here is a $20B cheque and 5 years guarantee of orders. Go and make me some memory for his price.

I mean this is the same story for iPod and NAND. It seems we are repeating what we should have learned.