It is way too late to be starting a new chip fab for it to be relevant to the current market. If they are producing reliable chips 5 years from now that'll be fast.

Understanding it'll take some time for any competition to have an impact, it's still nice to see that someone, somewhere in the world is looking at this manufactured scarcity and deciding not to exploit it.

I brought up last time that if RAM prices keep going up and up, it makes more economic sense to make more factories/facilities.

Theres always those people who say that it doesn't make sense to make new facilities, but I really dont see chip shortages to stop. With climate change being a thing and supply chain issues popping up more and more, I just dont see an end within the next 10 years. Makes more sense to bring some of that in house.

I wouldn't enter a cartel-protected market either if I had to finance that myself. If I had a captive bloc-sized market at home though...
China is big. There are a lot of customers there. And the government tends to plan long-term and is heavily subsidizing chip making tech for geopolitical reasons. Entering the western market is high-risk. Entering the Chinese market as a Chinese company and then also selling outside China after scaling up is low-risk.

There's a reason. US is buying all memory fab capacity to deprive other countries, including China, from having access to RAM. The RAM companies, taking advantage of this situation and colluding, are raising prices and limiting production to create false scarcity. Unfortunately this means the average American has to pay arm and a leg for even small amounts of memory and storage.