It was a bad day for chipmakers after it was reported the Biden administration was considering restrictions that would limit ASML’s ability to service its tools in China. The rule that the US is considering is seen as severe by many allies and could impose controls on any foreign products that use US technology. This move is far from confirmed but US officials plan to speak with other foreign representatives about their growing concern over China. As a result, Adv Micro Device (-10.2%), Applied…
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