As I said China is indeed already working on their entire value chain. They have been doing that for a while and they have made significant progress. Still so far they don't have the precision, scale and economical competitiveness than TSMC. If they get there then it will be a totally different scenario but that's not the case for now.

It's not a if it's when. ASML doesn't pay fuck you money to their employees just to keep China from hiring them away.

Eventually ASML will get in same boat as all of the Western industries from shipbuilding and car manufacturing to everything else.

It may take one year or twenty, but law if it's a matter of national security for them, eventually they will get ahead.