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SMICY - SMIC: U.S. Sanctions Aimed At This Chinese Foundry Aren't Working
Semiconductor Manufacturing Intl Co ADR
U.S. sanctions against China's SMIC haven't worked in the last 18 months as SMIC continues to exhibit strong revenue growth at the 14nm node and above.
As with the Russian sanctions, where Biden strongly stated "sanctions never deter," questions are raised about the impact of these sanctions.
The only company impacted is equipment supplier ASML, from The Netherlands, not China.
U.S. semiconductor equipment suppliers Applied Materials and Lam Research have had little to no impact.