✉news TechnologySemiconductors first seen 7 h ago, last 6 h ago, peak #16
China chip stocks fall as Nvidia sales reportedly back on table
Original: China chipmaking stocks tumble as Beijing reportedly mulls allowing Nvidia sales
Shares in Chinese chipmaking companies dropped after reports that Beijing is considering allowing Nvidia to resume selling its chips in China. The move would reopen a major market for the US chipmaker but raises fears of renewed competition for domestic semiconductor firms, which have benefited from restrictions on Nvidia's products. Investors sold Chinese semiconductor names on the prospect.
Why now: Reports of Beijing weighing approval for Nvidia sales triggered a selloff in Chinese chip stocks.
Evidence
- China chipmaking stocks tumble as Beijing reportedly mulls allowing Nvidia sales · au.finance.yahoo.com
- China chipmaking stocks tumble as Beijing reportedly mulls allowing Nvidia sales · Yahoo Finance
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