The Biden-Harris administration’s big bet on Intel Corp. to lead a US chipmaking renaissance is in grave trouble as a result of the company’s mounting financial struggles, creating a potentially damaging setback for the country’s most ambitious industrial policy in decades.
SMIC is filled with Taiwanese engineers that the company poached from TSMC by offering much more. China and Taiwan will never partner up diplomatically since China is threatening to take over Taiwan, obviously. Business-wise they’ve been cooperating since forever.