> I’m not sure SMIC will be able to keep up when these efforts bear fruit. Eventually they’ll need EUV to unlock further progress. The issue with SMIC and fabs

> I’m not sure SMIC will be able to keep up when these efforts bear fruit. Eventually they’ll need EUV to unlock further progress. The issue with SMIC and fabs in China in general was never the technology. If only the technology ban was the real problem. I mean there were ASML EUV setups sitting there for years doing nothing... > SMIC has been able to poach talent by throwing mountains of money at them. This might not be possible going forward. That wasn't exactly the tactic and with the comparatively low wages in South Korea and Taiwan, it'd still likely be doable. It's not like they poach everyone - just a few key figures.