Chinese Chip Stocks Tumble After U.S. Calls for New Curbs on High-End Tech

  • 📰 NBCDFW
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Chinese chip stocks fell Monday after the U.S. announced new export controls aimed at limiting Beijing’s ability to produce advanced military systems.

Sweeping new U.S. rules mean companies must apply for a license if they want to sell certain advanced computing semiconductors or related manufacturing equipment to China, the U.S. announced Friday.

"The U.S. has been abusing export control measures to wantonly block and hobble Chinese enterprises," Chinese Ministry of Foreign Affairs Spokesperson said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So try to tell us some good news. I dare ya

America wants to remain the foremost superpower, hence its encouraging Taiwan to breakaway and banning Chinese tech from trading with American subjects in Europe/Mid-East.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 288. in CA

Canada Canada Latest News, Canada Canada Headlines