Just to be clear: in 2025, – their “worst margin year in a decade” – they still made $8 billion dollars more than they needed to run their business. That’s on top of all their expenses (taxes, materials, wages, etc.)

On top of that, 2021 through 2024 were their MOST profitable years in the last decade. (By absolute amount and, except for 2024, also by margin (profit per $ of revenue)).

For those curious, the restaurant is “Sobrino de Botín” in Madrid.

We’re getting close! EUV is currently ~13nm, and soft xrays start at ~10nm (but go all the way down to ~0.01nm for hard xrays.)

Sadly there a lots of challenges in transitioning to smaller wavelengths. For example, to get the EUV light in the existing process, we’re already resorting to, essentially, exploding tiny droplets of liquid tin using lasers.