SMIC

Manufacturing utilisation near a decade low, retail growth at a three-year trough, and Beijing answers with 'anti-involution', not a consumer bailout

Lutnick alleges EUV-related components and transport gear reached China; ASML insists no system or EUV-specific part was ever delivered, as BIS enforcement looms

China's lead foundry scales N+2 output for Ascend 910C/910D as Huawei targets ~600k dies; HBM and yields, not lithography, are now the bottleneck