Chinese foundry SMIC is bruised but not broken by U.S. sanctions — revenue still much higher than in 2021 and 5nm node on track
Although U.S. sanctions caused SMIC’s revenue to drop in 2023, the China-based foundry is largely unaffected and continues developing its 5nm node, according to DigiTimes. SMIC is actually expanding its production capacity for 7nm and 5nm nodes that will power upcoming Huawei processors. When those nodes reach high-volume production in the coming years, SMIC’s revenue is expected to grow again. SMIC didn’t have a great 2023, and it closed out the year with $6....