"There have been only minimal improvements in chips going form 5nm to 4nm as a result."
I'd like to see evidence for that, i.e. that the change from 4nm to 3nm offers significantly larger efficiency improvements than the change from 5nm to 4nm.
The chip industry articles I have seen say that 4nm is not mean fully smaller than 5nm and really can be just considered a version of 5nm. I don’t have the background to give you more than that but the message has been consistent across multiple tech writers.
You can see it in the smaller performance gains of 4nm A16 chips vs 4nm A15 chips from Apple.
I'd like to see evidence for that, i.e. that the change from 4nm to 3nm offers significantly larger efficiency improvements than the change from 5nm to 4nm.