tough for China’s chipmaking champion, the Semiconductor Manufacturing International Corporation . Over the past year America has attacked its supply chains, cutting it off from essential high-tech tools. It has slapped export controls on’s customers and enacted new rules which threaten to designate the firm as subservient to the People’s Liberation Army. The company’s sales slumped by 7% in 2019 to $3.1bn—not the kind of performance expected of a Chinese high-tech titan.
Investors who put assumptions about a company’s long-term success over its short-term performance may view the American government’s attention as a signal of’s potential. Many Chinese patriotic day-traders probably belong to that group. But the immediate risk to their investment from America’s actions is real.
The latest assault came on May 15th, when the Department of Commerce introduced new export-control rules that preventfrom using American chipmaking equipment to produce microprocessors for Huawei, the Chinese telecoms giant at centre-stage in the technological cold war. Bernstein, a research firm, says that ifwere to lose Huawei’s custom that would shave 20% from its existing revenue and, crucially, deprive it of “most” of its expected growth.’s already thin margins may turn negative when $1.
Did you know Obama Biden administration funded Wuhan lab where man made Virus created & leaked in perfect timing of election to collapse economy!! YES, OBAMA & DEMOCRAT'S THAT RUTHLESS!!!
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