Despite US sanctions, Huawei chipmaker SMIC is now the third largest foundry in the world

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Anam Hamid is a computer scientist turned tech journalist who has a keen interest in the tech world, with a particular focus on smartphones and tablets. She has previously written for Android Headlines and has also been a ghostwriter for several tech and car publications.

Buy a brand new Galaxy Z Fold 5 and save a staggering $450 with select models. Save additional $800 via trade-in!Despite the trade restrictions imposed on it in 2022 by the US, China's Semiconductor Manufacturing International Corporation managed to become the world's third-largest foundry by revenue in Q1 2024.

With a market share of 6 percent, it's far from taking over TSMC and Samsung, but the feat is sure to make the US nervous, which is The company surprised everyone when it managed to make a complex 7nm chip without access to extreme ultraviolet EUV equipment, which is made by Dutch company ASML which isn't allowed by the government to sell to SMIC.

Source: Loan Digest (loandigest.net)

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