Problem is there are half century worth of designs, IPs and so on in the possession of the USA , so when we talk about difficulty to manufacture it is not just about cutting edge, but several cases old technology, that require special quirks to make the desired products.
Like radhard electronics, high power amplifier and so on.
Like the move of the USA to forbid machien sales to the Rusnano for the MRAM production line.
That is a "primitive" one, on 45nm, but without special machines it is not possible to make the MRAMs
US also made 50 years of advancement in various other tech like Radar, Jet engines, Missiles. But PLA closed that gap by force. Using copying, hacking, poaching whatever it took. China will have to employ the same strategy and close this gap by brute force of state power.
Even 5 years ago China didn't need chips actually. All phones, devices and computers were western or other foreign brands. Huawei was pretty much nowhere in cellphones. Xiaomi and Oppo didn't even exist. State power did not really focus on getting a chip industry. They thought this is a field China will develop naturally and western products will be there anyway. China relied on market forces to develop this.
So, China's new vulnerability for Chips is a new phenomena. China didn't focus on developing it in the past because they didn't need to. Now, times have changed. China now has cellphone, laptop and other device brands that are outcompeting the west. So, China will focus on getting it done with state power.
I don't think Chip industry is all that difficult in terms technology. Especially if you compare it with military grade tech such as advanced radars and sensors, or jet engines. Just like developing a commercial plane, its just extremely capital intensive and requires massive capital investments to get started. Once China really uses state power to make advances in this field. It will be done in no time at all.