- 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.
For further details see:
SMIC: U.S. Sanctions Aimed At This Chinese Foundry Aren't Working