US ban worries cloud China’s hopes for chip self-sufficiency

By Reuters, published by US News Shanghai/Hong Kong – Shares of China’s SMIC <0981.HK> fell by over a fifth today (Sept. 7) after news of potential US sanctions against the chipmaker, wiping about HK$31 billion ($4 billion) off its market value and prompting analysts to predict doom if a ban is implemented. On Friday, Reuters

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