China’s chips push is mired in corruption allegations The state’s money is not producing the expected results

[Yongpeng Sun-Tastaufen]

In a globalized economy a lot of interdependence across societies/economies.

True. But now that China America bromance is officially over. Cold War all over again. It won't be long before a complete decoupling.

Also, US and Netherlands control the UV lithography machines that are used to make this (UEV).

No country can control a tech forever. Just like China mastered jet engine after decades of hard work, China will master chip after decades of hard work.

All these tech is based on physics. Physics is God's creation. Man can only use it. No country can keep physics from any other country. No country can keep leading position in tech forever.