China can train chip designers just like Israel does, but they are on a path to end up in Intel's predicament, where they don't have the ability to fabricate competitive chips as their foundries are one to two generations outdated.
Not a coincidence the US usually has a carrier battle group somewhere between the two.
Cross straight relations is a definite hotspot, China (PRC) maintain Taiwan is still their territory.
The US has traditionally sat as a buffer to prevent China asserting that militarily but with the US becoming more isolationist and the Chinese rapid expanding their blue fleet capabilities it's only a matter of time until things get...tense.
The USA hasn't sent an aircraft carrier through the Taiwan Strait since 2007. Barring some major geopolitical shakeup, it is fairly likely it will never do so again.
The US has traditionally used Taiwan as yet another military foothold in the Asia-Pacific to project and exert its own influence in the region for geopolitical objectives, the containment of China being one of them.
A far more likely scenario would be where the US undertakes overt military action against Iran, wasting money and resources while China sits back and consolidates power in its own sphere of influence.