SMIC announces 60 billion in global chip sales over the next year! The US has been unstoppable!

Welcome to VOC - Vision of China, In today’s episode, we dive deep into the fascinating world of semiconductors, focusing on SMIC (Semiconductor Manufacturing International Corporation) and their audacious announcement of global chip sales reaching a staggering 600 billion in the coming year. Over the recent years, China’s semiconductor industry has seen remarkable growth, gaining international attention. However, the United States initiated a chip ban and rule modifications to stifle China’s semiconductor progress. Surprisingly, these measures have backfired, impacting U.S. chip giants more than expected. To further impede China’s semiconductor industry, the U.S. and its allies formed the Four-Wheel Drive Alliance for Chips, restricting semiconductor equipment exports and expansion of manufacturing capacities in China. Nevertheless, SMIC, one of China’s leading semiconductor manufacturers, boldly plans to sell 600 billion chips worldwide, rendering the U.S. chip ban ineffective. As we discuss the tech race between China and the United States, we analyze the first and second halves of the game, with China gaining momentum and reducing reliance on U.S. chips. This transformation has significant implications for global tech competition. SMIC’s success signifies China’s rapid rise in the tech industry, with remarkable advancements in technological innovation. Their achievements are reshaping the global tech landscape.