Yes, I know. I didn't say SMEE will create EUV, I said China will. I don't think differentiation between various industrial arms of CCP is of importance.
Right now they've made bets on a large scale of different technologies. Many of them failed already. Probably they will focus on a few and succeed in a not very long time scale.
To be clear, I wasn't accusing you of this, in general there is a broad sentiment going back all the way to the 80s that espoused a racist view that Asia could copy and produce but could not create. In middle school we were sold the vision that we would design products because of our superior creativity and intellect and people in Asia would make our products.
Right now they've made bets on a large scale of different technologies. Many of them failed already. Probably they will focus on a few and succeed in a not very long time scale.