For Nvidia this is already happening. They're taking a chunk of the profits of Nvidia operations in China. The Chinese have been prescient when stopped any Intel and Nvidia chips in government and strategic areas of China.

Those companies are not fighting for survival.

The gov already took a big part of Nvidia profits in China.

Survival is not the issue, it is about control. Today 10% Intel stake (non-voting, bought with already-promised CHIPS funds) puts the state on the cap table, and the 15% skim on Nvidia and AMD China sales swaps export licenses for tribute. The HN usual knee-jerk downvotes on anything about Trump admin criticism, just help normalize it.