- 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.
Apple’s First OLED-Screen Tablet, The iPad Pro Targets 9M Shipments This Year: Report
Apple is reportedly targeting over 9 million units in shipments for its newly launched OLED iPad Pro, despite the overall decline in the IT device market.
