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Sure, but chips are still being made. There may be one fab which is very backed up, or even not running at capacity, but it's not like we've "lost the technology".

If we ever get to the point where there are no fabs operating (won't happen IMO), photoresist, metal deposition stuff, etc will all be unobtanium.

Ive seen the videos of old intel 386 under the microscope and its insane, regardless of anything modern. Can't imagine why anyone would want to etch a chip in their garage even if they could. All that stuff is really cheap to get off the shelf stuff and program it for your own uses.