Pretty much, and one really key thing is that chip development has incredibly high input costs. It costs hundreds of billions to build foundries for a particula

Pretty much, and one really key thing is that chip development has incredibly high input costs. It costs hundreds of billions to build foundries for a particular chip design, and then you have to build whole new ones when the process changes. This is only sustainable if you're able to sell huge volumes of chips. Cutting China, which roughly half the world market, means that companies don't have incentive to invest in new chips. And we're already seeing the effects of these policies. NVIDIA decided to invest into building chips that pass export controls instead of building more advanced ones that wouldn't https://www.fool.com/investing/2022/11/11/nvidia-new-chip-china-passes-export-control/ https://www.fool.com/investing/2022/11/11/nvidia-new-chip-ch... Meanwhile, China is addressing the problem by just pouring unlimited resources into building up its own industry https://www.scmp.com/tech/tech-war/article/3212249/tech-war-china-doubles-down-whole-nation-approach-chip-self-sufficiency-us-tightens-export-controls https://www.scmp.com/tech/tech-war/article/3212249/tech-war-... I predict that China is going to be far ahead of any western firm within a decade.