SMIC Shares Sink, U.S. Ban Worries Cloud China's Hopes For Chip Self-sufficiency

China's biggest chipmaker SMIC plunged a fifth on Monday in response to news of potential U.S. sanctions against the company, wiping $28 billion off its market value and prompting analysts to predict doom if a ban is implemented.

from Top Tech News- News18.com https://ift.tt/2DBj6uh