In a world where you don't have protections for IP, yes. That's a major part of the reason that Chinese companies like Huawei and SMIC find themselves on the naughty list -- it's not just about national security and slave labor.
However, companies like Qualcomm and ARM wouldn't be able to exist without a strong global IP law infrastructure, but the former is a juggernaut and the latter is an object of desire.
However, companies like Qualcomm and ARM wouldn't be able to exist without a strong global IP law infrastructure, but the former is a juggernaut and the latter is an object of desire.