U.S. Restricts Chip Equipment Shipments to China's Second-Largest Chipmaker Hua Hong
The U.S. Department of Commerce has ordered several chip equipment companies to halt shipments of certain tools to Hua Hong, China's second-largest chipmaker, as part of efforts to slow China's development of advanced chips. The move affects companies like Lam Research, Applied Materials, and KLA, with their shares falling between 4% and 6% following the report.
Topics: AI Chips Export Controls Hua Hong Semiconductor Industry U.S.-China Trade