I doubt this is unique for SMIC - they may be the first to state it in public though.
LMAO at Japanese fake news.However, Zhao said SMIC's factories are still running at 100% capacity, as the company has been allocating resources to products that are still in great shortage, such as power management chips and microcontrollers used in green energy, electric vehicles and industrial applications.
That was real eye opener for China and Chinese companies.Trump's coming to office, retrospectively speaking, was an excellent lesson for China and the Chinese. A country that aspires to be a major power in the world must never rely on foreign sources for supply of goods and components of highly sophisticated and important technology, especially from foreign sources that are vulnerable to being persuasion by a highly adversarial foreign power to prevent the supply of such items of highly sophisticated technology.
Trump's trade war did much more for Chinese companies to finally get their act together and to make investments into research, development, manufacturing of sophisticated items of technology and patronizing Chinese suppliers of such technology than exhortations and investment by the Chinese government or even comprehensive policy programmes such as Made in China 2025. Chinese companies were too fixated on their short term profit making, believing that the American government would forever pursue to logic of commercial profitability in the interests of their companies and those of their allies given that China is the largest market for such items of as semiconductors.
Trump did do quite a lot of damage to chinese tech companies and deteriorated relations a lot, but the one critical thing he did was pull out of TPP.Trump's coming to office, retrospectively speaking, was an excellent lesson for China and the Chinese. A country that aspires to be a major power in the world must never rely on foreign sources for supply of goods and components of highly sophisticated and important technology, especially from foreign sources that are vulnerable to being persuasion by a highly adversarial foreign power to prevent the supply of such items of highly sophisticated technology.
Trump's trade war did much more for Chinese companies to finally get their act together and to make investments into research, development, manufacturing of sophisticated items of technology and patronizing Chinese suppliers of such technology than exhortations and investment by the Chinese government or even comprehensive policy programmes such as Made in China 2025. Chinese companies were too fixated on their short term profit making, believing that the American government would forever pursue to logic of commercial profitability in the interests of their companies and those of their allies given that China is the largest market for such items of as semiconductors.
Trump did do quite a lot of damage to chinese tech companies and deteriorated relations a lot, but the one critical thing he did was pull out of TPP.
That basically sealed the fate of US decline and was the greatest shot in the foot by America in decades. 40% of global GDP at america's whim and fancy and they basically threw it away for nothing