$Taiwan Semiconductor Manufacturing(TSM)$ SK Hynix was in focus after Reuters reported that the U.S. Commerce Dept. has held up plans for American semiconductor manufacturing equipment the company needs to expand production in China.
SK Hynix is seeking export licenses to bring new equipment to its plant in Dalian, China, saying the production increase would help fund its expansion in the country.
The Commerce Department has done a good job here.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
