Huawei already stunned the world by building its first 5G chipset in three years despite U.S. sanctions. With this application processor powering the Mate 60 flagship series, Huawei’s future is brighter than it has ever been since the U.S. first placed the company on the Entity List in 2019 calling it a national security threat. And with rumors swirling around that SMIC, China’s largest foundry, is throwing money and brain power at creating 3nm chipsets using older DUV lithography machines, the U.S. might feel compelled to tighten its restrictions on Huawei and SMIC.