SEOUL (Reuters) – Shares of South Korea’s SK Hynix (000660.KS), the world’s No.2 memory chip maker and supplier to Huawei [HWT.UL], fell as much as 3.3% early on Monday after a U.S. move to curb semiconductor supplies to the Chinese company stoked fears about a demand hit.
FILE PHOTO: Employee walks past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo
The U.S. Commerce Department said on Friday that foreign companies that use U.S. chipmaking technology will be required to obtain a U.S. license before supplying certain chips to Huawei, a maker of smartphones and telecoms equipment.
The rules specifically target chips designed by Huawei and its affiliates, including chip-design unit HiSilicon and manufactured using U.S. technology.
Hynix, and cross-town rival Samsung Electronics (005930.KS), the world’s biggest memory chip maker, use U.S. technology in their chipmaking, but design the semiconductors themselves, so…
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