Earlier quoted context omitted.
I think an important difference is that EUV exists now.
That’s how you make the chip. I’m not doubting that you can get manufacturing smaller, for a while[0]. But will it still work? You’re getting into the domain where electrons start tunneling across transistors and such. There is a wall that we will hit where lithography can take us no further—we’ll need atomic precision to break through that wall. It’s just a question of where that wall is... [0]: Higher frequency UV…
Also, current HW design is really inefficient. Think about all the crud between some front-end developer and the server powering the webpage on the backend, vs a ‘native’ app. That’s a good analogy to current HW design and real total-badass low level HW design.