Chips are down: Huawei U.S. blacklisting knocks semiconductor stocks

LONDON - U.S. and European chipmakers fell sharply on Monday amid worries the Huawei Technologies suppliers may suspend shipments to the Chinese firm due to a U.S. crackdown.

The selling came after Nikkei Asian Review reported that Infineon had halted shipments to Huawei after Washington added the world’s No. 2 smartphone maker to a trade blacklist last week, imposing restrictions that will make it difficult to do business with U.S. companies. European chipmaker STMicroelectronics fell 8% to the bottom of Paris’ CAC 40, while Infineon Technologies dropped 4.5% on Frankfurt’s DAX 30. AMS was down 11.5% at 1240 GMT.

Even if companies can continue to sell components without being subject to U.S. restrictions, any disruption to Huawei’s operations will have a knock-on effect on its suppliers, said Liberum analyst Janardan Menon.

All international corporations count with the right to insist, not only American corporations.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Chips are down: Huawei U.S. blacklisting knocks EU semiconductor stocksEuropean chipmakers Infineon Technologies, AMS and STMicroelectronics fell sharp... 🚨🚨🚨US technology stocks will definitely fall today! The rare earths needed for semiconductors will soon be restricted from exporting, which is brought by Trump.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

European stocks dip as U.S. sanctions on Huawei add to trade anxietyEuropean shares retreated on Thursday after Washington blacklisted Chinese telec... 647_416 I would be happy to exclude France from intelligence sharing.
แหล่ง: Reuters - 🏆 2. / 97 อ่านเพิ่มเติม »

Nvidia stock rally loses steam on cloudy outlook for server chips, full-year earningsNvidia Corp. shares shed big gains in the extended session Thursday after the graphics-chip maker does not provide a full-year outlook and says that...
แหล่ง: MarketWatch - 🏆 3. / 97 อ่านเพิ่มเติม »