At least in the field of semiconductors, absolutely because it's either do or die. America had the chance to have a place in China's future industrial chain. Instead, it's throwing in the kitchen sink in a futile attempt to stop China, something clearly impossible long term. So, what's going to happen now is, China is going to knock down every chokepoint 1 by 1, inch by inch and eventually end up controlling the lions share of the world market through its superior advantages in other areas it already has commanding advantages. What Western think tankers fail to grasp is that unlike smaller, weaker markets with less capability and potential, China can no longer be relegated to permanent Middle Income status. It passed the point of no return circa 2010-2014. The only thing "STOPPING" China was the internal business practice that focused on the laws of comparative advantage. This is the only thing that is stopping China from dominating every single industry that exists. Absent entrenched monopolies, duopolies or even global competitors, China can and will create those things itself and use that base to catch up and eventually surpass. So, when Anglo-American political hacks decided to sanction China, they basically handed over those markets to China. This was and is inevitable because of China's giant market size, latent capability and already enormous realized ability.
If incompetent governments like India realized this themselves, they would be banning Google, Facebook, etc. on grounds of national security and re-create mirror companies within India. This would create an internal monopoly with a 1+ billion market. Essentially, this is what China did except China was HELPED by the Americans by them self-sanctioning their own products from China's business classes who would otherwise follow the laws of comparative advantage. In a very real sense, America is a great friend of China.
