>> Huawei was going to work on GPUs anyway, SMIC was going to fab chips anyway. Sure, but China has started dumping a lot of money into competing with ASML as

>> Huawei was going to work on GPUs anyway, SMIC was going to fab chips anyway. Sure, but China has started dumping a lot of money into competing with ASML as a result of the sanctions. And no, they are not going the super complicated route of firing lasers at drops of tin to get EUV. They are trying to sidestep that costly complexity, and if they are successful they'll be providing equipment to the top chip producers (around the world or just their own).