Market Chatter: US Orders Big Chip Equipment Firms to Halt Some Shipments to Chinese Chipmaker
Lam Research (LRCX), Applied Materials (AMAT) and KLA (KLAC) were among the chip equipment companies believed to have received a letter last week from the US Department of Commerce ordering them to halt certain tool shipments to China's second-largest chipmaker Hua Hong, Reuters reported Tuesday, citing two people familiar with the matter.US officials believe Hua Hong facilities will make China's most sophisticated chips, the report said, citing the people.The companies and the Commerce Department didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $246.85, Change: $-12.71, Percent Change: -4.90%
