China already made low-end/low-cost/low-margin, now they're moving up the semi-conductor value chain (as in every other tech business segment) to mid-range/mid-cost/mid-margin and high-end/high-cost/high-margin.
Are you agreeing or disagreeing with the video's thesis or clarifying?
US Companies lost 25-35% of chip sales from china, and no markets to make that up that loss.
China is now making low costs chips and now selling into the same markets and eating up the US market.
Chinese commercial products need chips (that also sell in America), and will now use Chinese produce chips.
Thus driving down the demand of US chips.
did I get that right?