Chinese Chip Gear Leader Achieves Key Breakthrough, Backer Says
- US has been trying to prevent China’s progress in chip tech
- SMEE is China’s best hope to contend with industry leader ASML
This article is for subscribers only.
Shanghai Micro Electronics Equipment Group Co. achieved a technological breakthrough in chipmaking gear, a major state-backed shareholder declared, suggesting the US-blacklisted firm has made advances in China’s fight to overcome US chip sanctions.
Known as SMEE, the company developed a lithography machine that can be used to make 28-nanometer chips, Zhangjiang Group said in a post on WeChat on Tuesday. Zhangjiang is the parent of listed Shanghai Zhangjiang Hi-Tech Park Development Co., which is SMEE’s fourth largest shareholder, according to data provider Tianyancha.