A fab is far, far, more than ASML's machines. A chip can take around 3 months going through various steps repeatedly. ASML's machines are very impressive, but

A fab is far, far, more than ASML's machines. A chip can take around 3 months going through various steps repeatedly. ASML's machines are very impressive, but they're just one piece of that puzzle. And ASML themselves rely on collaborators like Zeiss. This idea that it's all just capital and others are reluctant to invest otherwise they could duplicate TSMC simply false.