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Technology Stocks : Semi Equipment Analysis
SOXX 312.18-0.2%4:00 PM EST
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From: Sun Tzu5/16/2020 3:26:18 PM
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China readies biggest counterattack against US


Analysts also noted that if chips made by those firms cannot be sold to the Chinese market, one of their most important sources of revenue, it would be extremely difficult for US tech companies to recoup investment. Some may be mired in a loss.

The chip industry is one of the top US exporters and one of the few sectors that still generates a trade surplus, largely driven by sales growth in China, according to a report from The Wall Street Journal, noting that a potential chip sales ban could cost US chip makers about $36 billion in revenue.

"It will also inflict a chain reaction on various upstream and downstream players in US chip production," the insider said.

More at globaltimes.cn
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