China's semiconductors aren't going anywhere relevant without ASML scanners, and those are never going to SMIC.Let's make things simple: the doom and gloom could stretch to nvidia and AMD if Huawei keeps on doing what's it's doing. The success Wukong could spark a new race from China to make a super console that priced as much as PS6 and as powerful as high-end PC's when it's released. They're already working on 3nm.
China's semiconductor business is a money sink.