US Intends to Revoke Waivers to Restrict Allies From Sending US Chipmaking Tools to China: Report

US intends to revoke waivers to restrict allies from sending US chipmaking tools to China: report

WASHINGTON — A Trump administration official has told South Korean tech giants, Samsung Electronics Co. and SK hynix Inc., that he wanted to cancel waivers that allow them to ship U.S. chipmaking equipment to their plants in China without applying for individual licenses, a U.S. news report said Friday. Jeffrey Kessler, head of the unit responsible for export controls at the Commerce Department, told the two companies and Taiwan Semiconductor Ma…

Reported crackdown on China’s access to US chip equipment weighs on semiconductor stocks

The trade war is dead, long live the trade war......

Tech Tumbles As White House Mulls Further Crackdown On Chips To China

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Tech Tumbles As White House Mulls Further Crackdown On Chips To China – altnews.org

US equity markets have given back early gains following a report from The Wall Street Journal that a U.S. official

TSMC and chip stocks plunge as Trump mulls new tech curbs on China

Chip stocks sank on Friday after the Wall Street Journal reported that Trump is looking at new restrictions targeting China’s semiconductor access. The drop hit hard across the board. Taiwan Semiconductor Manufacturing Co. (TSMC) lost 2.5% in its US-listed shares, while the Philadelphia Semiconductor Index slid by 2%. Applied Materials fell 4%. Dutch equipment maker ASML Holding NV also took a 1.9% hit. The new curb warning came from Jeffrey Kes…