Thanks, Clearer now. Sounded very convaluted to me the way it was written (or how I read it).
is he stating they are overcapacity or just the interest in 28nm is under utilised?
I did find this on installed capacity with a note at bottom stating "Nevertheless, the 28nm, 45/40nm, and 65nm generations continue to generate significant business volumes for foundries like TSMC and UMC."
https://www.semiconductor-digest.com/2019/10/18/wafer-capacity-by-feature-size-shows-rapid-growth-at/
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