US Will Investigate Chinese-made Semiconductors but China's Semiconductor Stocks Still Strengthen
Go Wire
December 18, 2024
GoGPT Summarizes Articles
Reportedly, the Biden administration was planning to initiate a trade inspection into Chinese-made semiconductors shortly.
Persons in the know said on Wednesday, Dec. 18, that the probe intended to decrease dependency on Chinese technology that the Biden administration considered as a threat to national security. Older-model chips and products applying them such as medical devices, cars, smartphones, and armaments were the focus of the investigation.
It is said that the investigation examines unfair trade practices. However, the investigation could pave the way for trade limitations against China to protect US manufacturing leadership in the highly competitive global semiconductor market.
While officials in the Biden administration reached a consensus on the investigation only recently, policy decisions responding to the results could depend on the incoming administration of President-elect Donald Trump.
China's semiconductor stocks traded in Wednesday's Hong Kong stock market remain solid on this news. As of the midday break, Semiconductor Manufacturing International Corp (HK: 0981) rose 2.38%. Hua Hong Semiconductor Ltd (HK:1347) gained 2.24%.
#Semiconductors #china