Day 61

15/05/2020 Friday, Cloudy

Reuters:

U.S. moves to cut Huawei off from global chip suppliers as China eyes retaliation

It seems that the threshold goes from 25% to 0%. If TSMC couldn't make chips fro Huawei, they'd lose billions of dollars a year. Why would they proceed to build a factory in the US? I suspect TSMC still has some bargining chips in hand. Instead, SMIC may not be so lucky. Maybe the real target is SMIC.