SMICY owns the largest semiconductor foundry in China and the 5th largest in the world.
Q3/20 Rev reached a record high, up 15.3% QtoQ.
Recently, the Trump administration blocked American semi-equipment firms from selling product to SMICY. Whether these sanctions will last into a Biden Politburo is unknown. China will become self-reliant one way or another. Afterall, termite kikery is relatively impotent there. The Chinese are nationalists working toward a betterment for Chinese people as a whole.
China has the will and the resources to overcome blacklists, trade wars and embargoes. The West has been FUCKED by insects inside the walls of MSM, universities and institutions. These insidious shits learned their lessons from the Bolshevik revolution and the destruction of the Weimar. America and Great Britain are now on their way toward a neo-feudal dark age for their founding populations.
Use your mid-term trend changing criteria to look for a good entry into SMICY
ASML might also be worth watching, because it's not clear whether they will now have an edge in fulfilling China's need for semi equipment.
