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Chip war policy hurting US firms more than China

New Commerce Department chip and equipment bans against China are hitting US semiconductor company shares hardest

by Scott Foster October 17, 2022October 20, 2022

The US-China chip war has entered a new, debilitating phase. Image: Screengrab / News Video

On October 7, the US Department of Commerce expanded licensing requirements for exports of advanced semiconductors and the equipment that’s used to make them to cover all shipments to China and not just shipments to particular companies.

The share prices of companies expected to be affected had already dropped, discounting previously announced sanctions and the downturn in the semiconductor cycle that was already underway.