Business & Finance

Reuters first to report Trump admin slams China’s Huawei, halting shipments from Intel; market reacts

Reuters was first to report on Sunday that the Trump administration had notified Huawei suppliers, including chipmaker Intel, that it is revoking certain licenses to sell to the Chinese company and intends to reject dozens of other applications to supply the telecommunications firm.

Market Impact

The news triggered moderate profit-taking in some semiconductor-related shares in Asia on Monday. Korea’s Samsung Electronics fell 1.5%, while Japan’s Advantest shed 1.5% and Tokyo Electron lost 0.8%.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: North America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Major Global Story
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