Amid chip wars (the US v China), new strategies for the Chinese chip industry are developed

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In 2014, Beijing formalized a strategy to advance Chinese chip industry rapidly. The CCP allocated more than 1.5 trillion RMB to support its semiconductor companies. However, the effort did not generate the intended result in the face of the chip wars (the US v China). What is Beijing’s semiconductor strategy to cope with this challenge as the “US sanctions China” policy in high-tech continues?
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References:
https://www.chinalawinsight.com/2021/07/articles/corporate-ma/%E9%87%8D%E5%A1%91%E4%BE%9B%E5%BA%94%E9%93%BE%EF%BC%9A%E4%B8%AD%E5%9B%BD%E5%8D%8A%E5%AF%BC%E4%BD%93%E4%BA%A7%E4%B8%9A%E7%9A%84%E5%9B%B0%E5%A2%83%E4%B8%8E%E7%AA%81%E5%9B%B4%E4%B9%8B%E5%88%9D%E6%8E%A2-2/#_ftn8

https://www.163.com/dy/article/GEALFRLO0539BX8Z.html
https://www.caixinglobal.com/2021-12-11/state-backed-investors-beat-out-alibaba-for-unigroup-101816439.html
https://techwireasia.com/2022/02/china-to-launch-chipmaking-platform-in-collaboration-with-intel-amd/

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