Moving up a bit on late 2023 and 2024 based on this great analysis of SMIC:
"According to World Semiconductor Trade Statistics (WSTS), global semiconductor sales are expected to reach USD 551 billion by the end of 2021. In the midst of an industry boom cycle, the leading and trailing-edge nodes are both facing a shortage. "
"Specifically, SMIC launched its 14 nm in 2019 but the proportion of 28/14 nm in 2020 only reached 9% of its total outputs."
"SMIC holds the largest semiconductor market in the world. China consumes around 60% of the global semiconductor outputs, and SMIC's local network of committed clients and partners is extensive. In Q3 2020, more than 65% of SMIC's revenue came from China, with 20% of revenue contributed by Huawei; meanwhile, the revenue from the North American markets was only 18%. Demand for chips in the domestic market will keep rising in the years to follow."
...
The Finance Ministry has also announced that China's chipmakers can import machinery and raw materials tax-free through 2030.
Moving up a bit on late 2023 and 2024 based on this great analysis of SMIC:
"According to World Semiconductor Trade Statistics (WSTS), global semiconductor sales are expected to reach USD 551 billion by the end of 2021. In the midst of an industry boom cycle, the leading and trailing-edge nodes are both facing a shortage. "
"Specifically, SMIC launched its 14 nm in 2019 but the proportion of 28/14 nm in 2020 only reached 9% of its total outputs."
"SMIC holds the largest semiconductor market in the world. China consumes around 60% of the global semiconductor outputs, and SMIC's local network of committed clients and partners is extensive. In Q3 2020, more than 65% of SMIC's revenue came from China, with 20% of revenue contributed by Huawei; meanwhile, the revenue from the North American markets was only 18%. Demand for chips in the domestic market will keep rising in the years to follow."
...
The Finance Ministry has also announced that China's chipmakers can import machinery and raw materials tax-free through 2030.
https://seekingalpha.com/article/4460510-smic-mainland-chinas-tsmc-rival-makes-strategic-business-u-turn