Semiconductors is broad category, and the dependence is different in each sub sector, China will become less dependent in some areas, but faces challenges in commercializing higher end ICs such as CPUs, GPUs, and high-end memory, due to talent and technology gaps tough to fill..
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Chinese firms can start with socket-replacement by domestic sources ... use open standard architectures like Power to replace Intel in PC's and servers, RISC-V to replace ARM in mobile. Be virtually vertical ... not target the global merchant market (that's for a latter phase).
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