Actually, I would say it is about China developing the best tech, in this case chips. Global competition will take care of the ban issues, the biggest problem for tech companies is being ‘out-teched’.
For example, server CPU, if China for one reason or another developed a server CPU, with low heat, greater efficiency and at the same price as the current chips, you can be sure that no ban/sanction on this earth will keep data centres from using the CPU, since competitors using the CPU would be able to provide prices that are unbeatable, simply by saving on the air con needed to keep the server blocks from going up in smoke.
It’s not good enough to have the best tech. Huawei has the best 5G with the lowest power consumption, best reliability, and cheapest price. Yet the US still managed to severely disrupt its business across multiple countries even before the chip ban.