Re: You're probably right
I'd go further. Bleeding edge chips are only primarily necessary in HPC, gaming, and crypto mining.
AWS's Graviton chip which runs the world uses a 16 nm process.
As ElReg commenters will point out, general purpose computing doesn't need bleeding edge.
The car industry shutdown was about a lack of bog standard chips.
And, as far as the military, it's been reported that due to sanctions Russia has been using household appliance chips for weapon system repairs.