(FILES) This photo shows a general view of the logo of SMIC (Semiconductor Manufacturing International Corporation) at the chipmaker's facilities at Pudong district in Shanghai on March 15, 2024. China's leading chipmaker SMIC announced on November 7 a sharp rise in profits over the same period last year, despite a simmering rivalry between Beijing and Washington over vital technologies. (Photo by Hector RETAMAL / AFP) (Photo by HECTOR RETAMAL/AFP via Getty Images)