Chip stocks fall as U.S. prepares to strengthen export restrictions on China

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Chip stocks fall as U.S. prepares to strengthen export restrictions on China

), among others, are trading lower early Monday following a Bloomberg News report that the U.S. will strengthen restrictions on China's access to advanced chip technology.

Further, the U.S. will enhance scrutiny of Chinese companies trying to bypass export restrictions via third-party nations and include Chinese chip design firms in a trade restriction list. This mandates overseas manufacturers to obtain US licenses for fulfilling orders from these companies.

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