Reported about 12 hours ago
Shares of Chinese legacy chipmakers, including SG Micro and 3Peak, rallied following Beijing's announcement of an anti-dumping investigation into US analogue integrated circuits. The investigation, the first of its kind on imported IC products, aims to bolster domestic alternatives widely used in various applications. Major players like SG Micro saw a significant surge in their stock prices after the government's move, which is expected to improve profitability for local suppliers amidst aggressive pricing strategies from US competitors.
Source: YAHOO