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Chip stocks sink to lowest since 2020 as U.S. expands China curbs

Por: Los Angeles Times Business October 11, 2022

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Shares of semiconductor companies fell Monday, with the industry selling off globally after fresh U.S. curbs on China’s access to American technology added to a disappointing start to the earnings season, stoking concern that the industry’s downturn is far from over. The Philadelphia Stock Exchange's semiconductor index fell 3.5%, closing at its lowest level since November 2020. The index dropped nearly 10% over the last three trading... + full article



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