When I use my (Android) phone I very much feel that I am not the customer but rather the product and it would be much worse (I think) if competition wasn't there. in some ways, my experience with one (bad) Chinese phone was much better than what I had with one from South Korea.
Semiconductor Manufacturing International Corporation (SMIC) is a partially state-owned publicly listed Chinese pure-play semiconductor foundry company. It is the largest contract chip maker in mainland China.
...SMIC ordered an EUV step-and-scan system from ASML Holding for $120 million in 2018. The order was blocked after the US government lobbied ASML and the government of the Netherlands.
(...Wikipedia)