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Semiconductor Stocks Tumble After U.S. Announces New Chip Restrictions

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Semiconductor Stocks Tumble After U.S. Announces New Chip Restrictions | Barron’s

Shares in chip makers across the globe fell Monday after President Joe Biden unveiled new restrictions on semiconductor exports to China, the world’s second-largest economy.

Chinese makers of chips including Semiconductor Manufacturing International (ticker: 0981.HK) and Hua Hong Semiconductor (1347.HK) fell in Hong Kong trading. U.S. semiconductor shares also fell, with


Nvidia

(NVDA) down 1.3%,


Advanced Micro Devices

(AMD) down 1.4%, and


Applied Materials

(AMAT) off 0.8%.

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