US - China (Cold War)
Posted: Tue Sep 29, 2020 1:35 pm
US squeezes China's biggest chip-maker SMIC
https://www.bbc.com/news/technology-54324973
https://www.bbc.com/news/technology-54324973
In Q4 2020, SMIC reported sales of $981 million, up 16.9% year on year. However, the company expects revenue to increase in the "mid-to-high" single digits in 2021.
The company is aiming to expand its capacity this year at its 12-inch fabrication plant by 10,000 wafers per month and by 45,000 wafers per month at its 8-inch fabrication plant.