Shares of SK Hynix , the world's No.2 memory chip maker after Samsung Electronics , fell 3.2% on Monday after the United States on Friday moved to curb shipments of semiconductors to Huawei from global chipmakers.
), fell 3.2% on Monday after the United States on Friday moved to curb shipments of semiconductors to Huawei from global chipmakers.The U.S.
Commerce Department said it had amended an export rule and, under the change, foreign companies that use U.S. chipmaking equipment will be required to obtain a U.S. license before supplying certain chips to China’s Huawei.Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Himani Sarkar
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China warns US of 'all necessary measures' over Huawei rulesChina’s commerce ministry says it will take “all necessary measures” in response to new U.S. restrictions on Chinese tech giant Huawei’s ability to use American technology, calling the measures an abuse of state power and a violation of market principles.
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