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is actually pretty low. if you look at the development of the chinese semiconductor industry in the past ten years, ymtc, which is a memory chip maker, is one of the very few success stories in china. so the government is very much aware of that. but i think there s one thing that sort of they re going to focus on is talent. because if you look at the export controls, one of the very damaging part is that it also bans us persons from supporting china s advanced chip making. and if you look at the executive of china s semiconductor companies, a lot of them oppose american passport. they are trained in the us and they got green cards or whatever.

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