N@N

Chinese chip stocks soar as Beijing probes US subsidies and dumping practices

The article from Investing.com discusses the surge in Chinese semiconductor stocks following Beijing's announcement of an investigation into U.S. subsidies and dumping practices in the chip industry. This investigation was initiated after the U.S. passed the CHIPS and Science Act, which provides significant subsidies to domestic semiconductor companies, potentially leading to unfair trade practices. The news led to a rally in shares of major Chinese chipmakers like SMIC, Hua Hong Semiconductor, and others, as investors anticipated potential retaliatory measures or benefits for Chinese companies. The investigation aims to assess whether these U.S. subsidies are causing market distortion, which could lead to new trade barriers or negotiations between the U.S. and China. This move is seen as part of the broader U.S.-China tech rivalry, with implications for global semiconductor supply chains and trade relations.

Read the Full Investing Article at:
[ https://ph.investing.com/news/stock-market-news/chinese-chip-stocks-soar-as-beijing-probes-us-subsidies-and-dumping-practices-1620304 ]