Resolves Yes if SMIC or another Chinese fab publicly ships a chip with transistor density consistent with a 5nm-class node (verified by a credible third-party teardown report) without the use of ASML EUV equipment, announced by 31 December 2026. Resolves No otherwise.
SMIC, Huawei, or CXMT official product announcements and independent teardown reports by TechInsights or similar firms
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