Equipment not product. It started with money going to R&D and scams like epic HSMC https://www.chinatalk.media/p/billion-dollar-heist-how-scamm... but Chinese are patient and real innovation eventually rises to the top. Case in point Made in China 2025 - looked like pipe dream 10 years ago, yet became bitter reality for western component manufacturers.

I'm not sure why this is so heavily downvoted - it's an interesting question. The PRC's official position is that Taiwan is part of China, so perhaps Taiwanese equipment does count.