[onepointsixC]

There's so much poor analysis on the subject which pretends that Beijing hasn't been dumping orders of magnitude more subsidies into Chip companies. Yes Huawei is still around, China wasn't going to let it fail no matter what. It was worth doing because without US withholding western technology the plan was to gradually replace piece by piece of the supply chain with domestic ones. Instead Chinese companies must do a lot more at once which comes at a greater costs.