China is reinvesting funds into industrial capacity, particularly in areas like microchips, aiming to build chips that could surpass Nvidia's technology within the next 6 to 8 years.

US export restrictions have slowed China's progress in leading-edge semiconductor technology, but they have accelerated their capabilities in trailing-edge technologies.

China is rapidly catching up in semiconductor technology and could do the same with AI, especially if they continue to invest heavily in it.

If China gains more capacity for chip production, they could dominate the market and undermine American companies' financial performance.

China has been insourcing various components for electric vehicles, including power ICs and battery management controllers, since 2015.

China is investing in high-volume manufacturing but is lagging in research and development.

The semiconductor industry is precarious, with Taiwan's manufacturing capacity being critical for global tech, and Intel's decline in process technology leadership poses a risk to American technology dominance.

BYD is likely to be the first company globally to produce chips without relying on TSMC, as they have their own fabrication facilities.

Revolutionizing and completely insourcing semiconductor production in the US would require a decade and a trillion dollars.