Published on 09/02/2025 at 03:37 am EDT
(MT Newswires) -- Chinese shares were down on Tuesday after the US made it harder for some companies to make chips in China.
The Shanghai Composite Index, the main gauge of Chinese stocks, declined 0.5% to 3,858.13. The Shenzhen Component Index fell 2.1% to 12,553.84.
The US revoked authorizations that allowed chipmakers Samsung and SK Hynix to import US semiconductor manufacturing equipment for their factories in China, Reuters reported.
The new rule, which will take effect in four months, will make it tougher for the South Korean companies to upgrade their Chinese plants and produce chips.
In corporate news, Chengdu Sino-Microelectronics Tech (SHA:688709) has launched its HWD12B40GA4, a flagship 4-channel, 12-bit, 40G RF direct-sampling analog-to-digital converter chip. Shares of the special integrated circuit manufacturer jumped 8% Tuesday.
Sumber : MT Newswires
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