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TAP TIMES -15-
A tale (from 14)
Shortly after the October 7 announcement,
SMIC said, “The new rules will have an ad-
verse impact on our production and opera-
tion.” The company reported revenues of
$1.58 billion in 4Q21.
SMIC, headquartered in Shanghai, is one of China’s largest
semiconductor makers and its largest foundry. (SMIC)
SMIC is the world’s fifth largest silicon
foundry. It posted a 5.3% share of the
market in 2Q21, according to Wikipedia.
DECEMBER 2022
The country has been concentrating on
standard memory chips, which it sees as
the most-desored for the domestic market.
Advanced memory
The sanctions have certainly been a blow
to leading domestic memory makers
ChangXin Memory Technologie, Anhui, and
Yangtze Memory Technologies, Wuhan.
It’s possible, too, that we haven’t seen
the end of severe sanctions. These have
already been shown with the U.S. and the
United Kingdom’s refusal to allow China to
acquire semiconductor companies.
China, so far has accepted the recent
sanctions with alacrity. The U.S. should
pay attention to China’s playbook, The Art
of War, however. Chinese General Sun
Tzu (544-496 BC) wrote, “In the midst of
chaos, there is also opportunity."