All that is just letters of intent or even flimsier agreements, there’s no contracts or actual money changing hands.

Not quite. So while none of it has been made the pre-production, procurement, scheduling machine time, that is what’s going to make retooling to make consumer RAM take forever. TSMC or whomever can’t just flip a switch and produce a different product. It takes weeks to months to change over production that complicated. Money will change hands, work has already been done and agreed upon.