US-China tech war: SMIC secures supply of chip-making equipment from ASML as signs suggest easing of sanctions

Source: South China Morning PostSemiconductor Manufacturing International Corporation (SMIC) has secured supply of deep ultraviolet (DUV) lithography systems from Dutch firm ASML in an amended purchase agreement worth US$1.2 billion, a move that could help ease supply chain risks for China’s chip-making champion that has been under the shadow of US sanctions.Hong Kong-listed SMIC said in a stock filing late Wednesday that it renewed in February an existing volume purchase agreement with ASML, one of its top three foreign…Read More

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