The great 3nm “efficiency” was never there to begin with. Many people just assumed it would be massive because people didn’t understand the physics behind the 3nm marketing term.
Terms like 5nm (A15), 4nm (A16), and 3nm (A17) are all marketing only.
3nm isn’t anything except a marketing term. There is not a single transistor in there that is 3nm. The naming only represents the equivalent transistor density and approximate improvement in performance or efficiency, as determined by TSMC. It is TSMC, Intel, Samsung, SMIC that decide what they should call 7nm or 3nm. Improvements have come mainly by material or structural changes, not size of transistor.
Transistors stopped shrinking in a linear manner since about 45nm. We used to have new nodes every year, then in increased to 18-24 months. Today, it will take 3 years before we get to a new "node."