Comment by trhway
I think in part it is a system level response to the widespread just-in-time approach of those businesses' clients. A just-in-time client is very "flexible" on price when supply is squeezed. After that back and forth i think we'll see return to some degree of supply buffering(warehousing) to dampen down the supply levels/price shocks in the pipelines.
I thought that, too, but then the Nexperia shitstorm hit, and it was as if the industry had learned nothing at all from the COVID shortages.