Lee Kuan Yew once said, "China can draw on the talents of 1.3 billion people. The U.S. can draw on the talents of 7 billion people."Then the question is can the US produce a big enough next generation of Semi conductor designers domestically, given their 350 million population vs Chinas 1400 million. Because if the talent pool isn't replenished generational knowledge will erode away. Kind of like the US hasn't really made any big infrastructure project the last couple of decades that I know of. Can the US still do it?
The U.S. openness to immigration of STEM Ph.D's and diverse society is its strength.