Either we have a breakthrough that shakes physics and that leads to brand new discoveries that further shake engineering, or it is a waste of time. Between ~1870 and ~1950 we had a fireworks of discoveries that wee shaking our view of the world. And explained transistors.
Today? Nothing special except for a bunch of people and PhD students.
We are just starting to scratch the surface of biology - this is where we need to invest. Solid state physics could be another one. But not particle physics with their crazy energies that are completely unreachable outside of an accelerator.
For context, I have a PhD done in CERN. If I were to choose again, I would bo for bioinformatics or biophysics.