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China Tech Buzz

Global News Impacting Chinese Tech

Stock prices of Chinese semiconductor makers fall across the board, authorities warn speculation “unforgiving” –Bloomberg

News Snapshot:

China’s semiconductor industry is being affected by the tightening of tightening by the Chinese government. China Central Television (CCTV) has claimed in an editorial yesterday that Chinese regulators will not forgive speculation in the market. As a result, related stocks fell on the stock market on the 9th. China’s largest semiconductor foundry (contract manufacturing), Semiconductor Manufacturing International Corporation (SMIC), is 5% cheaper in the Hong Kong market. Huahong Semiconductor fell 5.7%, the sharpest drop in almost three months. Will Semiconductor, which is listed on the Shanghai market, also fell 5.7%, and Hubei Taiwan semiconductors fell 3.3%. Chinese officials suspect price-fixing…

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