Chip stocks drop on fears US to toughen China rules

Quick Summary:

The sell-off came after a report that the US may further tighten rules on equipment exports to China.

The South Korean tech giant is benefiting from the AI boom which has lifted the prices of advanced chips.

In October, it restricted exports to China of advanced semiconductors used in artificial intelligence (AI) technology.

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Article Details

Category: Business

Markets: United KingdomChinaSouth KoreaTaiwan

Topics: Chips Semiconductor Taiwan Making Equipment Advanced China Chip Lower Came Technology

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 03:16:45 (13 hours ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 442 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 21670008

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

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Year Established: 1922

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News Last Updated: 9 hours ago

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