So the Korean crying ant pepe headline happened in April 2022 while Samsung was down 29% and SK Hynix down 26%. They eventually troughed down 42% and 49% which is actually not far from their current drawdowns (39% and 47% respectively)
From Dylan Patel @ semianalysis "There are multiple Chinese model labs who are telling all the inference guys our next model is not going to be open source, we're going to license it to you. Open source is dying, quickly"