Naw. A Chinese company embedding a backdoor in a chip is way more damaging to the reliance as China as a global supplier of electronics manufacturing than a Chinese company that controls the software. With software it is much easier to embed a backdoor because a backdoor can look like an innocent bug.
Not that any of this really matters. So many parts of software are broken from a cybersecurity standpoint that it's more a matter of degree than secure versus not secure. I'm sure the Chinese are able to have open source contributors have their patches applied to Linux or Python with innocent bugs in them. Still though, network attacks break a lot of what keeps the internet secure, and I doubt the Americans are making it up when they say that Chinese manufactured network gear is a national security threat.