„China tends to say less and do more.“
I agree, along with batteries, microchips are also high on their priority list, as you said and it looks like they want to be leaders here too.
https://www.asiafinancial.com/china-banks-on-graphene-to-win-the-global-microchip-war/amp
https://geopoliticalinsights.org/glances/china-to-come-back-into-the-microchip-industry-with-graphene/
If you look at the current situation in China, there could be a possibility that a customer of Bai Xing has made a decisive breakthrough in this area, but it seems rather unlikely in view of the slump in the microchip sector.
https://amp.scmp.com/tech/tech-trends/article/3192634/tech-war-record-number-chinese-chip-firms-going-out-business-sign
The fact remains, however, that they are forced to do something urgently in order not to fall behind because of the sanctions imposed!
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