You’re certainly correct on the grad students and brainpower.
I believe the biggest problem the Chinese have is not design talent but process and manufacturing talent.
They have not (yet) developed consistent quality programs at the very high level needed for these applications.
But that day will come.
A-yup.
And that's a matter of practice. Which we conveniently handed over to them by transferring massive factories and business over the last 25 years.
Won't be long now.