Now you're not making sense. China will be manufacturing their own chips for the sake of their sovereignty and independence, and Intel will be losing tons of money because they will be left out of the phone chip market. Remember that US and European companies went to China because it was good for their bottom line and our stock markets. China didn't force anyone to go there!
China was never in any position of total reliance on the west for making phone chips FYI. Yes the West went to China first thinking they will get better productivity aka reduced production cost aka higher profit but that has proven to be a big mistake because the side-effects from that venture has proven to be far greater than the benefit that it reaped, it at least seems.