Monday, September 7, 2020

SMIC shares sink, US ban worries cloud China's hopes for chip self-sufficiency

Shares of China's SMIC fell by over a fifth on Monday after news of potential U.S. sanctions against the chipmaker, wiping about HK$31 billion ($4 billion) off its market value and prompting analysts to predict doom if a ban is implemented.

from Gadgets Now https://ift.tt/2ZaxUYg

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