Chinese chip companies say they can withstand fresh US export curbs

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Chinese chip companies say they can withstand fresh US export curbs - Business Standard

Quick Summary:

They restrict exports to 140 companies, including chip equipment maker Naura Technology Group and ACM Research.

The latest curbs, the third US crackdown on the Chinese sector in three years, focused on chipmaking equipment, software and high-bandwidth memory.

While Chinese authorities called the move "economic coercion", the measures appeared to have little impact on chip-making stocks, which rose slightly on Tuesday as analysts said the curbs were less stringent than feared.