US sanctions on export of semiconductors to China hits global players
Shortpedia
Content Team
Image Credit: FPJ
Chipmakers in Asian trade plunged on Tuesday over new US sanctions to limit China's access to high-end semiconductors that have military uses. These restrictions basically ban the export of all semiconductors made by a US citizen or using any US equipment to China. This move by the Biden government has wiped billions from companies' valuations worldwide.
