For years, the U.S. semiconductor strategy has been straightforward: restrict China’s access to advanced chip technology and slow its progress. Huawei Technologies may have just offered a reminder that things don’t always go according to plan.
The Chinese tech giant recently announced what it described as a chipmaking breakthrough that could help narrow the manufacturing gap with Taiwan Semiconductor Manufacturing Co. (NYSE:TSM), better known as TSMC, the world’s leading contract chipmaker.
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The Rival Sanctions Were Meant To Stop
The announcement is notable because Huawei was one of the primary targets of U.S. export restrictions aimed at limiting China’s access to advanced semiconductors and manufacturing equipment.
