- The US International Trade Commission decided to investigate Samsung Electronics Co.,Ltd SSNLF and Taiwan Semiconductor Manufacturing Company Ltd TSM for alleged violations involving the importation and sale of certain semiconductor devices, mobile devices, and components that constitute an infringement patents.
- The supervisory authorities will also check Qualcomm Inc QCOMReuters reported.
- Also read: China’s Semiconductor Industry ‘Decapitated Overnight’: What ‘Annihilation Looks Like’
- Shares in leading Chinese chipmakers lost $7.7 billion in market value on October 10 as new US export controls restricted sales of semiconductors made with US technology a valid export permit.
- The controls also banned US citizens or companies from working with Chinese chipmakers without express authorization and restricted exports of manufacturing tools.
- Samsung has been granted a year’s immunity from the new US embargo on the export of advanced chips and related products equipment to China.
- Price promotion: TSM shares traded 1.50% higher to $64.89 on the latest check Monday.
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