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Investigate China's chips? A USA group suggests caution.
Recently, the Semiconductors Industry Association (SIA) released the following statement from SIA President and CEO John Neuffer regarding the Biden administration's decision to launch a Section 301 trade investigation, focusing on China's behaviors, policies, and practices aimed at dominating the Semiconductors Industry.
Express News | The spokesperson for the Ministry of Commerce commented on the USA's initiation of a 301 investigation into China's chip industry-related policies.
Express News | The White House will investigate mature-process chips made in China.
Express News | Hong Kong stocks in the Semiconductors sector strengthened early in the trading session, with Semiconductor Manufacturing International Corporation rising over 5%, having increased over 8% in the previous trading day; HUA HONG SEMI rose over 2%, and SHANG
Market quick glance | The three major Indices showed mixed results, with the tech index slightly rising, Xiaomi and Tencent increasing nearly 3%; Semiconductors stocks were strong, with Semiconductor Manufacturing International Corporation rising over 8%;
Network Technology stocks performed poorly, KUAISHOU-W fell by 5.42%, Alibaba-W dropped by 3.44%; most Coal Industrial Concept stocks declined, SOUTHGOBI fell by 12.02%, China Coal Energy dropped by 6.37%; many Hong Kong Retail Stocks fell, PRADA decreased by 3.80%, BOSSINI INT'L dropped by 3.48%;
Express News | The Hang Seng Index closed down 0.16%, while the Hang Seng TECH Index rose 0.11. Chip stocks strengthened, with Semiconductor Manufacturing International Corporation gaining over 8%, HG SEMI rising nearly 7%, SOLOMON SYSTECH and HUA HONG SEMI increasing m