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Technology Stocks : Semi Equipment Analysis

SOXX 328.78

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Jan 9 4:00 PM EST

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From: Return to Sender	11/10/2024 9:19:44 PM
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TSMC reportedly halts advanced chip shipments to Chinese companies finance.yahoo.com After a chip manufactured by Taiwan Semiconductor Manufacturing Company was found inside a Huawei processor, the US Department of Commerce has ordered the company to halt shipments of advanced chips to Chinese customers, according to a report in Reuters. Huawei faces significant trade restrictions from the US, so the pause on shipments is supposed to allow the government to determine whether other companies are diverting chips to Huawei. TSMC reportedly notified affected customers that it will be halting shipments starting Monday. The advanced chips being targeted are often used for artificial intelligence applications — an area where the US has already been restricting chip exports from companies like Nvidia. In a statement provided to Reuters and other publications, TSMC said it is “committed to complying with all applicable rules and regulations, including applicable export controls.” This article originally appeared on TechCrunch at techcrunch.com My comment: Cannot help but believe that this is an effort to avoid future tariff's. RtS

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