Heading for a Chip Ban?
As reported on this site several times in recent weeks, the administration of Donald Trump nearing big new restrictions on technology exports to China.
The Wall Street Journal’s Bob Daviscites multiple unnamed sources as saying “the National Security Council and the Commerce Department are putting together plans for “enhanced” export controls, designed to keep such technologies from being shipped to China.”
The article doesn't specify what parts could be included in such a ban, but some observers quoted in this magazine have mentioned the prospect of a broad ban on semiconductors. In past, Commerce has selectively imposed export restrictions to China of some chips from Intel (INTC) and Nvidia (NVDA).
The trade headlines are weighing on tech and the broader market this morning, undercutting several upbeat pieces of research today.
Getting Concerned About Intel
Shares of Intel are down $1.07, or 2%, to $51.43, after Instinet’s Romit Shah cut his rating on the stock to Neutral from Buy after the sudden departure last week of Chief Executive Brian Krzanich, which he calls “disappointing on many fronts.”
Reference Link : https://www.barrons.com/articles/tech-today-trump-tech-moves-weigh-cirrus-surges-microsofts-cloud-1529937049
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