Industrialisation is the bottleneck (PnP H2).

PnP H2 thesis. Has intuitive appeal.

• Real bottleneck stack = synthesizability → qualification → scale-up → customer roadmap fit → industrialisation.
• Citrine HRL → NASA Al 7A77 — ~2 years bottleneck = qualification, not industrialisation.

Reframe instead of break

This assumption reframes more than it breaks. Capital flows to qualification-aware AI and contract-lab integrators.