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bold to assume any new generation machine will come out of this, meanwhile real business that produced real wealth are closing down.

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Why? Europe already produces EUV lithography machines, and while I'm not that familiar with the field, I'm pretty sure ASML and TSMC are already working on 2nm lithography.

TSMC is aiming at 2024 for 2nm, they're the market leader and they reportedly started research back in 2019

https://wccftech.com/tsmc-2nm-research-taiwan/

https://wccftech.com/ssmc-mass-produce-2nm-2024/

now a consortium of runner ups not only hopes to catch up, but plans a parallel release of a new node size, while starting later, while starting with less know how.

TSMC purchases their lithography machines from ASML.

https://semiengineering.com/euv-challenges-and-unknowns-at-3...

> real business that produced real wealth are closing down.

Could you please share some examples? I'm genuinely curious.

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