“The major geopolitical significance has been to show that it is possible to completely design [without] U.S. technology and still produce a product that may not be quite as good as cutting edge Western models, but is still quite capable.” Miller says a considerable gap remains between SMIC’s capabilities and those of TSMC, the industry leader that produces the newest chips for companies like Apple.
It’s running and stable enough to avoid a collapse. It’s not even close to a collapse. That’s the situation.