China now produces more chips domestically than it imports.

China's tech industry is thriving! They produced 3 billion chips daily, with a total output of 100 billion in Q1, up 40% YoY. March alone saw an impressive 28% jump to 36 billion units, driven by growth in NEVs and smartphones (17%). By 2027, China's global share of mature-process capacity is projected to rise from 31% to a staggering 39%.

https://www.scmp.com/tech/tech-war/article/3259221/chinas-semiconductor-output-jumps-40-first-quarter-amid-growing-dominance-legacy-chips