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To: Donald Wennerstrom who wrote (81556)	10/29/2018 2:19:42 PM
From: Sam	4 Recommendations Recommended By Donald Wennerstrom FJB oldbeachlvr w0z Respond to of 95610

The dispute is heating up. US restricts exports to Chinese semiconductor firm By Megan Keller - 10/29/18 02:12 PM EDT The U.S. Commerce Department announced Monday that it is restricting U.S. exports to the Chinese semiconductor firm Fujian Jinhua Integrated Circuit Company, Ltd. The firm "poses a significant risk of becoming involved in activities that are contrary to the national security interests of the United States," according to the department's press release. Jinhua has been added to the department's Entity List. "When a foreign company engages in activity contrary to our national security interests, we will take strong action to protect our national security," Secretary of Commerce Wilbur Ross said in Monday's statement. "Placing Jinhua on the Entity List will limit its ability to threaten the supply chain for essential components in our military systems.” Through its use of what is likely American technology, Jinhua "is nearing completion of substantial production capacity for dynamic random access memory (DRAM) integrated circuits," the release charges. "The additional production, in light of the likely U.S.-origin technology, threatens the long term economic viability of U.S. suppliers of these essential components of U.S. military systems." Now that Jinhua has been added to the Entity List, any exports or transfers to Jinhua will have to be licensed. Tensions have been relatively high between China and the U.S. in recent weeks and the U.S. has added multiple other Chinese companies to the Entity List this year. The U.S. sent two warships through the Straight of Taiwan last week after a Chinese destroyer reportedly aggressively maneuvered towards a U.S. ship in disputed waters earlier this month. Earlier this month, Beijing canceled a meeting with Defense Secretary James Mattis and President Trump accused China of meddling in the 2018 midterm elections, which China has denied. Economically, the two countries have been locked in a tense trade war, with each country slapping the other with escalating tariffs. thehill.com

To: Donald Wennerstrom who wrote (81556)	10/29/2018 4:54:10 PM
From: FJB	2 Recommendations Recommended By Donald Wennerstrom Return to Sender Read Replies (1) \| Respond to of 95610

KLA-Tencor: Fiscal 1Q Earnings Snapshot MILPITAS, Calif. (AP) _ KLA-Tencor Corp. (KLAC) on Monday reported fiscal first-quarter profit of $395.9 million. On a per-share basis, the Milpitas, California-based company said it had profit of $2.54. Earnings, adjusted for pretax gains, came to $2.46 per share. The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.20 per share. The maker of equipment for manufacturing semiconductors posted revenue of $1.09 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.07 billion. KLA-Tencor shares have dropped 19 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased 1 percent. In the final minutes of trading on Monday, shares hit $85.13, a decline of 21 percent in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KLAC at zacks.com