China Semiconductor Index Surges
This is a China news story, published by Yahoo Finance (Canada), that relates primarily to Taiwan Semiconductor Manufacturing Co's news.
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Taiwan Semiconductor Manufacturing CoReuters
•China chip index nears 3-year high as TSMC order fuels self-reliance bets
82% Informative
China 's semiconductor index leapt close to a three-year high on Monday on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co's shipments of advanced chips to Chinese customers could accelerate Beijing 's self-reliance efforts.
TSMC will from Monday suspend shipments of certain sophisticated chips to some Chinese clients.
Analysts said the move might lead to some short-term pain for Chinese firms involved in designing chips for artificial intelligence accelerators and graphics processing units.
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