China’s top chipmaker may be in hot water as US lawmakers call for further sanctions after Huawei ‘breakthrough’::Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company.

  • Blapoo@lemmy.ml
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    1 year ago

    “Hot water”? They seem pretty content about the breakthrough.

    Man, US penalizing foreign breakthroughs is pathetic.

    • CosmoNova@feddit.de
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      1 year ago

      You don‘t get it. Huawei and the CCP made some propaganda about how the sanctions totally don‘t work and claimed they were able to produce a chip that is 5 years behind. It is however more likely it was a big bluff and they didn’t produce it themselves. So their plan of saying „Your sanctions only force us to innovate and will hurt you in the end so you might aswell lift them“ completely backfired. The US saw their propaganda and probably judt thought the sanctions weren‘t hard enough if China keeps getting chips supplied to them. Hot water is a nice euphemism for what China is in right now.

      • HaggierRapscallier@feddit.nl
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        1 year ago

        Five seems like an exaggeration. I heard around three.

        probably judt thought the sanctions weren‘t hard enough

        They act in their own interests, you make it sound like sanctions are the state of nature.

        • CosmoNova@feddit.de
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          1 year ago

          They act in their own interests, you make it sound like sanctions are the state of nature.

          It is common practice in China itself. It is how they have dealt with pretty much everything so far. Why is it surprising the US follows suit?

          I heard 3 generations behind which is about 5 years. They also used components from south korea against sanctions. It is not fully domestic and that should hardly be a surprise.