HomeSK Hynix shares fall 3% after US tightens rule to curb Huawei’s chip supply – Latest NewsTechSK Hynix shares fall 3% after US tightens rule to curb Huawei’s chip supply – Latest News

SK Hynix shares fall 3% after US tightens rule to curb Huawei’s chip supply – Latest News


Shares of SK Hynix , the world’s No.2 memory chip maker after Samsung Electronics , fell 3.2% after the United States moved to curb shipments of semiconductors to Huawei [HWT.UL] from global chipmakers last week.

Samsung Electronics shares were down 0.2%, while the wider market was largely flat.

The U.S. Commerce Department said it had amended an export rule and, under the change, foreign companies that use U.S. chipmaking equipment will be required to obtain a U.S. license before supplying certain chips to China’s Huawei.

Huawei Technologies is the world’s No.2 smartphone maker.





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