Sure of course, just like COMAC vs Airbus/Boeing, BYD vs Western EVs etc.
But this is a bit different IMHO.
First there's still a lot of catching-up to do.
And second are they going to be able to gain sufficient marketshare in the Western market ? I am thinking here, both in terms of displacing ASML and in terms of Western companies being willing to depend on Chinese tech for such critical activities.
Selling chips or chip manufacturing equipment is one of the many ways to get a return on this investment.
There's a whole hierarchy of products and services that benefit from this. At any level that there is a ban/preference to not use Chinese products it translates to a lower price for the same technology, which feeds into the domestic market for dependent tech.
Nobody buys their chips? They build data centers and sell computation as service. That does not sell enough? Domestic R&D now has an edge, creating momentum for medicine, agriculture, consumer products, weapons.
You can ban a small country for a long time, or a large country for a small time, but not large for long
Sure of course, just like COMAC vs Airbus/Boeing, BYD vs Western EVs etc.
But this is a bit different IMHO.
First there's still a lot of catching-up to do.
And second are they going to be able to gain sufficient marketshare in the Western market ? I am thinking here, both in terms of displacing ASML and in terms of Western companies being willing to depend on Chinese tech for such critical activities.