Well, US sanctions against China led China to develop their domestic semiconductor industry. SMIC can now fab 7 and 5 nm chips. In a decade, they will probably

Well, US sanctions against China led China to develop their domestic semiconductor industry. SMIC can now fab 7 and 5 nm chips. In a decade, they will probably be on par with TSM. Banning AI chips exports will have the same effect. Long term US will lose money from sales while China will use their newly developed industries to earn more. This move is only to win some votes at the next elections.