“The major geopolitical significance has been to show that it is possible to completely design [without] U.S. technology and still produce a product that may not be quite as good as cutting edge Western models, but is still quite capable.” Miller says a considerable gap remains between SMIC’s capabilities and those of TSMC, the industry leader that produces the newest chips for companies like Apple.
The sanctions regime was effective at one time, because America basically had a stranglehold on the world economy. Sure, sanctions never caused a regime change in Cuba or Iran, but those countries were economically devastated and that was the actual goal.
Things have changed. As dedollarization and multipolarity become dominant, all sanctions are doing is accelerating dedollarization and multipolarity. America is now hurting itself with its sanctions regime as much as its enemies, and it’s only going to get worse.
China can’t be stopped. 😊