China aims for 5-fold increase in advanced chip output to meet AI demand

tldr:

>Backed by Beijing, Semiconductor Manufacturing International Co (SMIC), ‌Hua Hong ⁠and several Huawei-linked chipmakers are expanding or aiming ⁠to start production of chips with the most advanced technology ​available, including ​on the ​7-nanometer (nm) or even ‌5-nm performance level