The White House is threatening to cut off Chinese manufacturer SMIC from US trade as punishment for not going along their anti-Russian hysteria.
US threatens to ‘shut down’ Chinese chipmakers if they violate Russian sanctions – Protocol
Meanwhile back in the real world, the US has had a trade embargo against SMIC for the past two years, and they are posting record revenue. Biden’s actions will take money away from US companies who sell product to semiconductor manufacturing companies.
Chinese chipmaker SMIC posts record revenue despite U.S. sanctions
The vast majority of Silicon Valley engineers are Asian. If the US becomes hostile and shows they can’t be trusted, there will be a large migration of technology to Asia.