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US Eyes Samsung, Taiwan Semiconductor, Qualcomm After Restricting Chinese Semiconductors


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The U.S. International Trade Commission decided to investigate Samsung Electronics Co, Ltd (OTC: SSNLF) and Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM) for alleged violations in the import and sale of specific semiconductor devices, mobile devices, and components that infringe patents.

The regulators will also investigate Qualcomm Inc (NASDAQ: QCOM), Reuters reported.

Also Read: China’s Semiconductor Industry ‘Decapitated Overnight’: What ‘Annihilation Looks Like’

Shares in top Chinese chipmakers shed $7.7 billion in market value on October 10, as new U.S export controls restricted the sale of semiconductors made with U.S. technology without a valid export license.

The controls also barred U.S. citizens or entities from working with Chinese chipmakers without explicit approval and limited the export of manufacturing tools.

Samsung bagged a one-year immunity from the new U.S. embargo on exports of advanced chips and related equipment to China.

Price Action: TSM shares traded higher by 1.50% at $64.89 on the last check Monday.

See more from Benzinga

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