The challenge spells trouble for China’s furiously expanding AI industry — which remains cut off from cutting-edge chips due to US sanctions

TSMC is currently prohibited from producing advanced processors for China, as it uses American chipmaking tools, and hence falls under the purview of recent sanctions

China’s largest contract chipmaker said revenue jumped as both domestic and global customers rebuilt inventories

US lawmakers were already looking to cut SMIC off from US tech imports after it produced the surprisingly high-end chip for Huawei’s latest handset

Experts say that SMIC’s South fab is the only factory with the capability to make the Mate 60's 7 nanometer chip

Local governments in Shanghai and Anhui will fund a variety of semiconductor-related projects this year — ranging from the development of DRAM chips to building facilities for chipmaking and its tools

Shares in the company have dropped 18% over the last month as chipmakers continue to struggle to gain traction after last year’s slump

The 5nm tech will be used to produce chips for Huawei's new smartphones, and, if successful, could also be used for its AI chips