Kind of predictable
My news feed told me this morning that SMIC is producing 7nM geometry chips using extreme UV lithography. The article also mentioned that increasing Chinese production had resulted in a drop in sales of their external suppliers.
This is what I predicted would happen. Its not that I'm a super pundit, graced with deep industry knowledge or anything like that, but it stands to reason that if you choke off sales of product to China then they're going to come up with local product. There might be a short term hiccough in production due to the political disruption but once their production comes online you'll find that what was once a lucrative export market has dried up.
Now, how can we get our politicians to get smart about this sort of thing? I'm not optimistic they'll ever figure things out and since its easier for them to just tell us all that our chocolate ration has been increased (even though its in a smaller package) I daresay I'm staring at our none too bright future.