Holding back China's chipmaking progress is a fool’s errand, says U.S. Commerce Secretary

"U.S. Secretary of Commerce Gina Raimondo said in an interview that the
country should focus more on investments in domestic innovation than
applying bans and sanctions. “Trying to hold China back is a fool’s
errand,” said the politician.
..
“The only way to beat China is to stay ahead of them,” said Sec.
Raimondo. “We have to run faster, out innovate them. That’s the way to
win.” Despite the various export controls that the U.S. has applied
against several Chinese companies, many of its companies are still able
to procure banned chips through the black market and unofficial
conduits. Aside from that, Chinese innovation is seemingly continuing,
with many businesses and organizations forced to be creative in pursuing
their goals despite the roadblocks posed by American sanctions."
https://www.tomshardware.com/tech-industry/holding-back-chinas-chipmaking-progress-is-a-fools-errand-says-u-s-commerce-secretary