"Chinese foundry Semiconductor Manufacturing International Corporation (or SMIC
, 688981:SH, 00981:HKEX) is the only plant that can possibly achieve the level of precision needed to deal with orders from Huawei
's semiconductor arm HiSilicon within 4-5 years," an investor in the contract chipmaker told EqualOcean. "It is a do-or-die situation for both Huawei and China."
SMIC went public on the tech-heavy Star Market on July 16 and is currently trading its Shanghai stock at over 250 times earnings.