China's biggest chipmaker SMIC plunged a fifth on Monday in response to news of potential U.S. sanctions against the company, wiping $28 billion off its market value and prompting analysts to predict doom if a ban is implemented.Monday, September 7, 2020
SMIC Shares Sink, U.S. Ban Worries Cloud China's Hopes For Chip Self-sufficiency
China's biggest chipmaker SMIC plunged a fifth on Monday in response to news of potential U.S. sanctions against the company, wiping $28 billion off its market value and prompting analysts to predict doom if a ban is implemented.
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