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China chip index nears 3-year high as TSMC order fuels self-reliance bets

Summary by Ghanaian Times
China’s semiconductor index leapt close to a three-year high on Monday on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co’s (2330.TW), shipments of advanced chips to Chinese customers could accelerate Beijing’s self-reliance efforts. TSMC will from Monday suspend shipments of certain sophisticated chips to some Chinese clients after receiving a letter from the U.S. Department of Commerce imposing export restrictions on those prod…
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