<<rattle the status quo>>
Another way to change status quo is to introduce China.not.priced-in into staid old comfortable spaces where team China was not ...
Must renew the trade against MU at some juncture, that which would not only lose a customer but also face a new competitor, all due either to China2025 or to TradeWar2019. Just trying to do same pair trade (long MU put / short NVDA put), or just long MU put / short MU call + long straddle-call, or just short the equity MU
ft.com
China approaches chip self-sufficiency breakthrough
Tech Scroll Asia, your guide to the billions made and lost in Asia tech
2 hours ago
The Big Story
China stands on the brink of a breakthrough in its efforts to become self-sufficient in semiconductors. The country is on track to produce around 5 per cent of the world’s memory chips by the end of 2020 having stood at virtually zero only a few years ago, according to this scoop in the Nikkei Asian Review.
Yangtze Memory Technologies Co, which makes NAND flash memory chips, expects to triple production to 60,000 wafers a month from next year at its new $24bn plant in Wuhan. ChangXin Memory Technologies, meanwhile, expects to quadruple production of DRAM chips to 40,000 wafers a month at its $8bn facility in Hefei. Global production of NAND and DRAM chips stands at around 1.3m wafers per month each.
Key implications: These two chip plants would not be expanding production plans so aggressively if they were not receiving orders from customers, suggesting that the chips they are making are of sufficient quality. Sources said that Yangtze Memory’s NAND flash chips are already seeing orders from flagship companies, such as Lenovo.
Nevertheless, questions over intellectual property remain. One industry analyst said the next 12 months would be crucial in verifying whether intellectual property has been infringed.
 Upshot: NAND flash chips, which constitute a $56bn-a-year market, and DRAM chips, which make up a $95bn market, are essential memory components used in a range of devices from smartphones and data centre servers to self-driving cars. The two plants mark China’s entry into the manufacture of such chips, laying down a challenge to Samsung Electronics, SK Hynix, Micron and Kioxia, formerly known as Toshiba Memory.
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