On Monday, China’s biggest chipmaker SMIC stocks plunged 23% after the United States (U.S.) said that it is assessing the matter if to add the restrict the export of the Chinese firm.
It’s not the first time, the Trump government is scrutinizing a Chinese firm.Over time, the U.S. has been accusing Chinese tech companies as a national threat.
Last year, the U.S. government banned Huawei which adversely affected their business. Moreover, it also pushing the ByteDance owned TikTok to dissect their U.S.
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