A report by #Bloomberg that the #US plans tighter import controls on companies that share #ChipmakingTechnology with #China pulled technology shares lower.

The unconfirmed report said #JoeBiden was considering using a wide-sweeping regulation, the #ForeignDirectProduct rule, to further restrict sales of critical chipmaking equipment to China. #ChipWars

#StockMarkets
Global stock markets rocked by potential US crackdown on #chipmakers
https://www.theguardian.com/business/article/2024/jul/17/chip-suppliers-global-stock-markets