New US Rule on Foreign Chip Equipment Exports to China to Exempt Some Allies - Reuters
Get Alerts NVDA Hot Sheet
Price: $202.52 -2.94%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: +96.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: +96.4%
Join SI Premium – FREE
(Updated - July 31, 2024 1:03 PM EDT)
New US Rule on Foreign Chip Equipment Exports to China to Exempt Some Allies - Reuters
- President Joe Biden's administration plans to unveil a new rule next month that will expand U.S. powers to stop exports of semiconductor manufacturing equipment from some foreign countries to Chinese chipmakers.
- Shipments from allies including Japan, the Netherlands and South Korea will be excluded, limiting the impact of the rule.
- ASML and Tokyo Electron will not be affected.
- The new rule would bar about half a dozen Chinese semiconductor fabrication factories, or fabs.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- SPS Commerce hires Morgan Stanley, explores sale - Reuters
- SentinelOne, Inc. (S) call put ratio 3.9 calls to 1 put with a focus on July 15 and 16 calls as share price up 3.4%
- Appeals court allows Trump administration to expand fast-track deportation process
Create E-mail Alert Related Categories
AI, Politics, Trader TalkRelated Entities
Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share