Major Asian chip stocks outside of China rose Tuesday, shrugging off a new round of U.S. semiconductor export curbs on Beijing.
Major Asian chip stocks outside of China rose Tuesday, shrugging off a new round of U.S. semiconductor export curbs aimed at impairing Beijing's capability to produce certain high-end chips.The Biden administration's latest chip curbs will also target sales of high-bandwidth memory chips, which could affect the world's two largest memory chip makers — South Korea's SK Hynix and Samsung.
U.S. Secretary of Commerce Gina Raimondo said Monday that the new export controls were the"culmination of the Biden-Harris Administration's targeted approach to impair the PRC's ability to indigenize the production of advanced technologies that pose a risk to our national security."
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