U.S.-Based Semiconductor Industry Association Calls On Biden Administration To 'Refrain From Further Restrictions' On U.S. Chip Sales To China
Portfolio Pulse from Happy Mohamed
The U.S.-based Semiconductor Industry Association (SIA) has urged the Biden administration to avoid imposing further restrictions on U.S. chip sales to China, according to a statement cited by Reuters.
July 17, 2023 | 2:39 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The call from SIA to avoid further restrictions on chip sales to China could potentially benefit Chinese companies, which may positively impact FXI.
FXI tracks the investment results of an index composed of large-capitalization Chinese equities. If the restrictions on chip sales are avoided, it could benefit these companies, thereby potentially boosting FXI.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The SIA's call for no further restrictions on chip sales to China could potentially benefit semiconductor companies, which may positively impact SMH.
SMH tracks a market-cap-weighted index of US-listed semiconductors companies. If the restrictions on chip sales are avoided, it could benefit these companies, thereby potentially boosting SMH.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
The SIA's call for no further restrictions on chip sales to China could potentially benefit the broader market, which may positively impact SPY.
SPY tracks a market-cap-weighted index of US large- and midcap stocks. If the restrictions on chip sales are avoided, it could benefit the broader market, thereby potentially boosting SPY.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50