In reply to IanD. usa seems , large amount of talents are in the software/internet corps. which left little can spare for semi dev. so even if US put some major investment in semis, it will end up with indian engs getting the benefit. that's one reason behind

In reply to ubm112211. china is still in the process of getting it's 1st nand chip PRQed in year of 2020. nand was invented in 1991. which is a reflection of the efficiency of chinese system.

luckily , the money spent by chinese , large amount of it getting wasted, by its in efficient system, lack of democracy , bureaucracy . so non of the system is perfect, just play to it's advantage. everyone got pressure though, no easy money in this world in the end.