LXRX - Chip equipment companies unlikely to see big China change post-election

The semiconductor industry has been hit hard by the U.S.-China trade tensions and the U.S. actions against Huawei and SMIC.In August, the U.S. Commerce Department expanded restrictions announced in May to obtain semiconductors without a special license - including chips made by foreign firms that have been developed or produced with U.S. software or technology.In September, Commerce instructed U.S. chip companies in a broad letter to the industry that they must obtain licenses before exporting certain technology to Semiconductor Manufacturing International (SMICY).Looking to the election, the consensus is that President Donald Trump will continue his tough stance on China. Through his re-election campaign the president has ramped up the rhetoric, blaming China for COVID-19 and a situation that “never should have happened”. He has also touted his use of tariffs.Most think that if Vice President Joe Biden wins there will be a change in the tone of how he deals

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Chip equipment companies unlikely to see big China change post-election