Many companies have been affected by the technology war between the USA and China. China-based SMIC could fall under the US embargo.
SMIC may be in trouble in the US market
The tension between Huawei and Google in 2019 turned into a technology war between the USA and China. Other Chinese companies began to be affected by this technology war.
Being one of the largest processor manufacturers in China and having casting facilities, SMIC may come under the US embargo. SMIC, which achieved efficiency in 14 nm production, was taking steps to solve the production problem for Huawei. It seems that the difficult process will begin for SMIC, which is among the top 5 founders of the world and has received approximately $7.8 billion in funding.
The allegations that the SMIC, withdrawn from the New York bora, was associated with Chinese military units stirred up. With the claims made by the US Department of Defense, SMIC can be blacklisted in the US. This could be devastating for both SMIC and Huawei.
Trying to establish its own casting facility, Huawei seems to take decisive steps in this regard.