in recent weeks to stop using their Apple mobiles at work.
Apple supplier Qualcomm, one of the US companies with the largest China presence, tumbled 7.2% to lead losses among major tech firms. Wall Street analysts said the curbs show that even a company with a good Chinese relationship and a large presence in the world’s second-largest economy was not immune to rising tensions between China and the US.“This is textbook Chinese Communist Party behavior — promote PRC national champions in telecommunications, and slowly squeeze Western companies’ market access,” Gallagher, a Republican, told Reuters.
China has curbed shipments from prominent US firms including planemaker Boeing and memory chipmaker Micron.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer: