Yes, especially if CXMT is able to continue scaling their production and if China is able to crack EUV mass production.

I see RAM prices dropping to new lows in 3-5 years.

Do they need EUV to make RAM? Doing a small amount of searching leads me to 2025 press releases from companies saying they're first to a new process node, and mentioning EUV like it's an innovation.

I assume they could scale faster with more machines of the older, more understood, lithography technology.