IBM used to have a program using DNA origami for lithography back in 2009, which makes sense as lithography masks are a pain to make. I really wish I know why the program was stopped, but most of the researchers are retired by now.
As to whether you can just "grow" the whole chip from scratch, the answer is probably, but it would require lots of non-trivial scientific discoveries. For instance, we can't really make sizable chips using DNA without horrible defect rates. Biology is much better at making redundant rube goldberg machines, than very precise machines with no tolerance for errors.
I think we'd have a better chance of success if we made very weird kinds of chips that better took advantage of the medium, perhaps even something that we "train" rather than just use out of the box.
I'd love it if anyone here knew more about this !
However, I think you're right in the sense that neural networks can tolerate dead parameters pretty well, so maybe some kind of AI training or inference chip could be made with more fault-prone methods.
At the end of the day, chips are useless if nobody's willing to write software to run on them. Biologics would likely be good at making weird new kinds of chips, and they'd need a massive edge for anyone to care.
Basically, unlike current chip manufacturing process where every stage is deterministic and precise, the soup-world, the chemistry, is not. And we do not have accurate enough models to handle them in deterministic way, or, model them precisely.
My respect for nature's engineering just shot up by 10 times more.