No, the chips ARE important, basically without the chips, that would seriously limited the computing power of a supercomputer. The only 2 things related to computing power is the RAMs and the Chips, and one goes with another.
But the thing is, Supercomputer as a field is not at all important, beside the R&D value, most semi-conductor foundry uses the blue print of server processor and put into commercial design, however, since Intel is, well, literally the king of commercial/personal computing, the affect will not be much for them.
For China, the effect will not be much either, as supercomputer is not in any major serious field in Chinese Academic circle *** "Commercial" computing have not much of a gap than "Supercomputing" these day, they can simply use off the shelf product to fill the gap anyway. The only thing that threaten Chinese is the Top spot of top 500 supercomputer list, which consider the gap of Chinese processor and US processor, China probably will lose that spot unless they can find a way to equal or even get over US Server technology in the next 2 years. Which by all measurement standard, China is about 10 year + away
The revoking of export license by US government did not actually do much, seems to me, the only thing they are actually aiming for is the Top Spot of Supercomputer, that's it.