|Bid||16.860 x 0|
|Ask||16.880 x 0|
|Day's Range||16.320 - 16.880|
|52 Week Range||14.640 - 24.300|
|Beta (5Y Monthly)||0.47|
|PE Ratio (TTM)||9.70|
|Earnings Date||Nov 12, 2022 - Nov 17, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.19|
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The US is preparing to introduce sweeping export controls in an effort to slow Chinese efforts to obtain semiconductors and chipmaking equipment for supercomputers and other military-related applications. According to several people familiar with the situation, the US commerce department is poised to announce restrictions that would essentially bar American companies from selling cutting-edge technology to Chinese groups, and would severely limit non-US companies from selling products that use the technology to customers in China.
The sudden disappearance in July last year of Gao Songtao, the bespectacled former vice-president of government fund manager Sino IC Capital, was a warning of a coming storm. Months later, the Chinese Communist party’s internal watchdog confirmed that Gao had been under investigation for corruption. The target: China’s massive semiconductor sector and what has been happening to the tens of billions of dollars raised to invest in it.
(Bloomberg) -- China’s heated rivalry with the US over tech supremacy is adding fresh pain points to the world’s second-largest stock market, as the Biden administration steps up efforts to reduce economic reliance on the Asian nation. Most Read from BloombergJapan to Restore Visa-Free Travel From Oct. 11 as Covid Pandemic Recedes South Korea President Caught on Hot Mic Insulting US CongressA Great Copper Squeeze Is Coming for the Global EconomyPutin's Order for 300,000 Fighters Drives Russians