The US recently blocked the sale of certain types of semiconductor equipment to China from the US and allied countries, and added 31 Chinese companies to the Unverified List, which blocks all sales to those companies and blocks US citizens from working for those companies. Notably, flash memory manufacturer YMTC and semiconductor equipment manufacturer NAURA were added to the list. Here's a good article on the subject: 

https://www.semianalysis.com/p/china-and-usa-are-officially-at-economi

That article ends "We’d imagine that these fabless firms, the rest of the equipment space, and players like [DRAM manufacturer] CXMT and [foundry] SMIC would be the next shoe to drop."

This market resolves yes if SMIC is added to the Unverified List, or otherwise specifically targetted by US sanctions, in 2022. I will refrain from trading on this question due to the slight ambiguity.