Ask China, they've been trying for a decade.
For china it's DUV+packaging for now, NIL/DSA mid-term, and MoS₂/2D chips long term. But wafer scale, defect free 2D logic is 20–30 yrs out, so no EUV shortcut anytime soon
China isn't quite there yet, but they will catch up. The question then becomes whether China can surpass the west or if they're stuck in lock-step behind us.
And SMIC is a decade or less behind without any of that.