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from the you-want-us-make-our-own-instead-of-buying-yours? dept.
SMIC, the operator of the largest semiconductor foundry in China, has adopted a pivotal role in the ongoing multi-faceted spat between the U.S. and China. The company has become the focal point of a concerted effort by Beijing to maintain a continuous supply of semiconductors to the local industry even as Washington tries to thwart this flow, as evidenced by the Trump administration's efforts to block silicon heavyweights around the globe from delivering semiconductor components to Huawei or its affiliate HiSilicon.
Nonetheless, SMIC appears ready to deploy its added heft in order to secure economic gains. As an illustration, in a filing with the Shanghai Stock Exchange on Sunday, the company revealed that it will raise as much as 46.29 billion yuan or $6.55 billion by selling new shares on the exchange at a price of 27.46 yuan per share. Interestingly, the latest financing target is more than double the 20 billion yuan that SMIC originally sought to raise.
[...] As stated earlier, leading Chinese tech enterprise have been subjected to a relentless volley by Washington over the recent months as the multifaceted spat between the U.S. and China continues to escalate. Back in May, the U.S. banned the export of any semiconductor that incorporated American technology to Huawei or its affiliate, HiSilicon. Given these evolving dynamics, Huawei is now increasingly relying upon the silicon components sourced from SMIC for the wide range of its products.
See also: How much trouble is Huawei in?
Intel resumes shipment to Chinese server maker Inspur
Huawei builds up 2-year reserve of 'most essential' US chips
Previously: China Lags Behind Other Countries in Semiconductor Manufacturing
China's SMIC Produces its First "14nm" FinFET Chips
Semiconductor Manufacturing International Corporation (SMIC) Starts "14nm" FinFET Volume Production
How China Plans to Lead the Computer Chip Industry
TSMC Dumps Huawei
(Score: 3, Interesting) by driverless on Monday July 06 2020, @11:45AM (1 child)
Without his endless China-bashing and childish take-my-toys-and-go-home tantrums, SMIC would be just another also-ran known only to other Chinese vendors. Now it's making international headlines and a ton of money. While I'm not much of a Trump supporter I've gotta say he's achieved quite a lot in this case.
For China, at least.
(Score: 2, Disagree) by takyon on Monday July 06 2020, @04:18PM
https://en.wikipedia.org/wiki/Semiconductor_Manufacturing_International_Corporation [wikipedia.org]
President Trump may have given China more urgency to develop its own chips, but these moves were well underway before he came into office. The bigger problem has been China stealing or being given access to trade secrets. Not that you can blame them for taking candy from a baby.
[SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]