The Chinese government attempting to pick winners is the best hope the chip embargo has; Xi Jinping is ironically the person best placed to cause it to succeed. The issue is that a Manhattan projet styled effort followed up by turning technology over to private industry is something that China could very well do and would probably be effective.
Let alone the silly idea of challenging multiple countries simultaneously as was proposed at the thread root. China tried that with rare earths and failed about as quickly as could be expected; as I recall they lost a quarter of the market in short order and backed off.
Let alone the silly idea of challenging multiple countries simultaneously as was proposed at the thread root. China tried that with rare earths and failed about as quickly as could be expected; as I recall they lost a quarter of the market in short order and backed off.