NXPI - Chip-equipment makers hold steady as U.S. considers new Chinese company sanctions

Several U.S. semiconductor companies held steady in pre-market trading, Wednesday, following a report that said their businesses could be impacted if the Biden Administration imposes new sanctions on China's largest chipmaker and several other Chinese tech companies. At issue is the possibility that the Biden Administration will put new restrictions on the exportation of chip components to China's Semiconductor Manufacturing International (OTCQX:SMICY).  Such moves could end up impacting the likes of chip-equipment makers such as Applied Materials (NASDAQ:AMAT), KLA (NASDAQ:KLAC) and Lam Research (NASDAQ:LRCX) by limiting what products those companies can ship to Semiconductor Manufacturing International [SMIC]. However, those investors initially appeared unfazed, as Applied Materials (AMAT), Lam (LRCX) and KLA (KLAC) shares were each up by about 0.3% in early trading Wednesday. The Biden Administration is also said to be considering placing drone maker DJI, deep-learning software company Megvii, supercomputer maker Dawning Information Industry and other companies on the

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Chip-equipment makers hold steady as U.S. considers new Chinese company sanctions