[Tuna-Fish]

> Once you have the desired circuit, you don’t have to build it out of discrete components, you also can send it to a fab

You are still going to use a very old and obsolete process, compared to the microcontroller.

As a rule of thumb, every generation of lithography that has made transistors smaller and more efficient, has also roughly doubled the NRE costs. As you move down the feature size slope, you get all kinds of useful properties, but the tradeoff is that you have to manufacture more of any given design for it to be able to make any economic sense. To the point where you can get an amazing chip that has an arm core, storage and memory in a single package that costs pennies (well, not right now it doesn't, but it did in the past and will again) and uses almost no power, so long as you can use the exact same device that is also shipped in the millions for other things too.