Thank you for all the replies, its been most helpful.
There is another thing bothering me in the back of my head, I dont really know the terminology of circular knitting machines so I am sorry for the lack of knowledge on my part. I am in natural sciences/engineering and knitting is just a hobby I have picked up when my kids were born.
What I gather is that circular knitting machines have static part with the needles where the stiches sit and then rotating piece that is lifting up the needles and passing the thread through the loops to form new stitches. Thus the pieces you can knit are always limited by the number of needles/stitches you have on your machine.
What I am wondering is whether someone though about having just e.g. 3 needles, where entering, knitting and exiting of stitch would happen (like in ribosomes while the stitches would be held on magic loops. Thus you could essentially knit whatever you would like and the knitting part would be picking up the stitches from the loop.
I am not sure if this is possible to do, or prototype, it is just sitting in the back of my head, that this would be super useful and cool…