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Correct. https://github.com/BurntSushi/ripgrep/blob/master/FAQ.md#posix4ever
TypeScripts compiler is probably a huge part of your problem, and is known to be pretty slow. You should look into swc.
Note that the PR that drastically reduced memory required to build rustc_middle and query system has been merged only 2 months ago: https://github.com/rust-lang/rust/pull/70951.
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