SMIC did not cancel their advanced node expansion. It’s more accurate to say its progress and timeline is delayed due to the sanctions.
If I'm BASF or Merck, I would prepare for a future without any Chinese customers. Every single time Bloomberg has published something to the effect of the U.S. [or ally] is considering/in talks about X anti China sanction, it ends up happening months later. By the time it makes it into the press there's a plan and intention in place. The German chemical industry has been world leading since the second industrial revolution of 1870-1914. The only question is, can China find domestic substitutes for what they are offering?
Can you display any evidence for that claim? Which chemical fields? It's a pretty broad statement.
