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China’s New Chip Could Change Everything

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China’s New Chip Could Change Everything
The Semiconductor Manufacturing International Corp. (SMIC) headquarters in Shanghai, China, on March 23, 2021. Qilai Shen/Bloomberg via Getty Images
Milton Ezrati
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Commentary

China seems to have opened another front in its chip war with the United States. Despite Washington’s bans on the sale of advanced semiconductors and chipmaking equipment to China, the Shanghai-based Semiconductor Manufacturing International Corporation (SMIC) now seems to have domestic access to advanced chips that could render moot the U.S. bans.

Milton Ezrati
Milton Ezrati
Author
Milton Ezrati is a contributing editor at The National Interest, an affiliate of the Center for the Study of Human Capital at the University at Buffalo (SUNY), and chief economist for Vested, a New York-based communications firm. Before joining Vested, he served as chief market strategist and economist for Lord, Abbett & Co. He also writes frequently for City Journal and blogs regularly for Forbes. His latest book is "Thirty Tomorrows: The Next Three Decades of Globalization, Demographics, and How We Will Live."
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