I have been reading a couple of documents on SMIC, which have made me slightly more optimistic in its capabilities [1] and [2].

"Competitive process technologies are important, but so are production capacities. In Q4 2019, SMIC’s 14nm production capacity was only about 1,000 wafer starts per month (WSPM). In March 2020 the company could process up to 4,000 wafers using its latest manufacturing technology. SMIC expects its 14nm capacity to increase to 9,000 WSPM by the end of July and to 15,000 by the end of 2020."

[1] https://www.eetimes.com/smic-advanced-process-technologies-and-govt-funding/#
[2] https://www.eetimes.com/smic-advanced-process-technologies-and-govt-funding-part-2/

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