The US and Europe are growing alarmed that, having been denied access to the latest technologies for producing the most advanced chips, China is now using older technologies to produce less advanced chips.

archive.is/KL03N

Judging from this story the US and Europe are not very bright.

Still, China will eventually be able to make up for losing access to ASML. Probably have the plans, just need to build the factories to build the parts to build the machines to build the parts to build the Lithographs.