I'd just like to pipe up for a moment.
The hardware industry is very, very different to other industries. It's upfront, capital intensive, and companies like NVIDIA, AMD, Intel, Xilinx and TSMC don't take 'letters of credit', which may as well be a credit card with chargebacks.
The hardware industry doesn't like risk. It's capital intensive.
This is just plain bullshit, based on misunderstanding between consumer finance (credit card) and business finance (letter of credit). My bet is that you didn't even click through to skim the Wikipedia page. Such strawman wouldn't even be worth further comment, but for the benefit of other readers I will comment:
The semiconductor manufacturing industry is capital intensive, therefore they are heavy users of credit (and other classical, non-crypto, financial instruments), but they use it very intelligently. This has nothing to do with consumer finance chargebacks or anything related to retail finance.
I had personal experience working with Actel, Xilinx, and some less well known names from Taiwan, Malaysia & Korea. Everything was financed with some form of credit, although as an engineer I wasn't really involved in the financial details beside general interest.
I think my former colleague summed it the best: "Rectoscopy is a less invasive procedure that what you will go through with drafting and acceptance of a letter of credit."
Resorting to semantics and ad hominem. You don't seem to possess the business acumen that you think you do.
Thanks for the comment. I really appreciate it now. Back then a coworker showed me the "show me the money" scene from the "Jerry Maquire" movie and I couldn't find it either funny or educational. But now I understand how, while an artistic exaggeration, it is a perfect representation of certain type of business dealings. Some find it offensive, but it is just short and to the point.
Edit: The point being: people don't like when you burn the candle from both ends.