The Trump administration has suspended sales of more U.S. technology, including chips and jet engines, in response to China’s critical mineral export restrictions, The New York Times’ Ana Swanson reports. The new U.S. restrictions appear to be part of a broader review within the Commerce Department of exports of strategic goods to China. Publicly traded companies in the chip space include AMD (AMD), Intel (INTC), Marvell (MRVL), Microchip (MCHP), Micron (MU), Nvidia (NVDA), Qualcomm (QCOM) and Texas Instruments (TXN).
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMD:
- Palantir or AMD: Cathie Wood Loads Up on One AI Stock
- Closing Bell Movers: Nvidia gains 4% on earnings, lifting other semis
- M&A News: AMD Acquires Enosemi to Improve Co-Packaged Optics Offerings
- New Processor Leaks Give Intel Stock (NASDAQ:INTC) a Small Downtick
- Here’s Why HSBC Upgraded Advanced Micro Devices Stock (AMD)
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue