The semiconductor chip market is at least 5x bigger in China than America.
Look at this old chart please.
The tail wags the dog in America. The tail does not wag the dog in China.
(next, for the next step in the way it works, is where will the talent and money flow to ... the market 1/5th the size or the market 5x times bigger, someone is fighting losing battle here)
@horse Amen to that bro, and here is an another chart to back that up.
from CnTechPost
China's Q1 IC imports up 11.2% year-on-year to $40 billion
April 13, 2021
China's first-quarter
rose 11.2% year-on-year to RMB 262.5 billion ($40.1 billion), according to data released by China's General Administration of Customs on April 13.
China imported 155.27 billion units of integrated circuits in the first quarter, an increase of 33.6%. IC exports in the first quarter amounted to RMB 72.68 billion, an increase of 2.4%.
The total value of China's trade imports and exports in the first quarter was RMB 8.47 trillion, up 29.2% year-on-year, with a trade surplus of RMB 759.3 billion, an expansion of 690.6%.
Among them, the total value of exports was RMB 4.61 trillion, up 38.7%; the total value of imports was RMB 3.86 trillion, up 19.3%.
China exported RMB 2.78 trillion of electromechanical products in the first quarter, accounting for 60.3% of the total export value, up 1.7 percentage points year-on-year.
Among them, exports of automatic data processing equipment, mobile phones, and automobiles increased by 54.5%, 38.5%, and 98.9% respectively.
China's combined import and export to the remaining 14 RCEP member countries in the first quarter was RMB 2.67 trillion, up 22.9% year-on-year, accounting for 31.5% of China's total foreign trade import and export value.
Among them, exports amounted to RMB 1.25 trillion, up 27.5%; imports amounted to RMB 1.42 trillion, up 19%.
Among them, exports of mechanical and electrical products amounted to RMB 659.85 billion, an increase of 28.7%, accounting for 53% of the total export value to RCEP member countries.