Chinese chip stocks soar as Beijing probes US subsidies and dumping practices By Investing.com
From Investing.com: 2025-01-17 00:11:41
Chinese semiconductor stocks surged as Beijing investigates U.S. subsidies and chip dumping. Ministry of Commerce probes U.S. practices that may harm China’s chip industry. Shares of Semiconductor Manufacturing International Corp and Hua Hong Semiconductor saw significant gains. Will Semiconductor and NAURA Technology also rose. U.S. chip stocks fell amid criticism of new export controls, despite TSMC’s strong profit growth. NVIDIA and Intel closed lower. China’s response highlights growing tech rivalry with the U.S.
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