Micron urgres U.S. to crack down on chip tool sales to China, Reuters reports

Micron (MU) is pushing U.S. lawmakers to pass the “MATCH Act,” which would tighten export restrictions on chipmaking equipment used by Chinese semiconductor firms and close gaps in existing controls. The bill, set for a House panel vote, would pressure foreign companies that sell equipment to Chinese chipmaking facilities to align with export curbs on U.S. companies like Lam Research (LRCX) and Applied Materials (AMAT), according to the report.

Meet Samuel – Your Personal Investing Prophet