Chip-supplier stocks jump as the US weighs up fresh China sanctions
Briefly

The proposed sanctions by the Biden administration could see up to 200 Chinese semiconductor equipment manufacturers blacklisted, negatively impacting China's AI development and trading capabilities.
The focus of the new sanctions will shift towards domestic firms supplying chip manufacturing equipment, benefiting European companies like ASML and Tokyo Electron, whose stocks have already increased significantly.
Sources indicate that along with the equipment manufacturers, additional chip firms, including those supplying Huawei, could be added to the sanctions list, tightening trade restrictions further.
Chinese markets are reflecting concerns over these potential US sanctions, as seen with the Hang Seng and other indices declining, signaling broader economic implications.
Read at Business Insider
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