No, because China doesn't produce chips (a few minor exceptions aside).
Producing modern chips such as found in smartphones, laptops, etc is pretty much done exclusively using ASML machines. Which are under embargo and cannot be sold to China. Hence, China imports chips.
They are machines so complex and high-tech that they basically cannot be reverse-engineered or copied, despite their attempts. China has launched a program to set up their own semiconductor manufacturing and is throwing a huge amount of money at it. You should see this as a two decade effort with absolutely no certainty if it will work at all.
Might be a safe bet, since most people in the West are only going to blame their governments and point how things are better in China.