SK Hynix, Samsung shares tumble after US revokes China licenses

SK Hynix, Samsung shares tumble after US revokes China licenses

Tech sell-off spreads to Japan after American market jitters

The U.S. Department of Commerce plans to remove Samsung Electronics and SK Hynix from its list of so-called validated end-user authorizations, forcing them to apply for an approval every time they transfer U.S. commodities, software or technology to their Chinese operations. (Source photos by Reuters)

KIM JAEWON and LISA KIM

SEOUL/TOKYO — Shares of SK Hynix and Samsung Electronics fell sharply on Monday morning after the U.S. announced that it would revoke their licenses to transfer American chipmaking equipment and technology to their subsidiaries in China, casting uncertainty over the South Korean chipmakers’ business in the country.



Source link

Visited 1 times, 1 visit(s) today

Leave a Reply

Your email address will not be published. Required fields are marked *