Chip ETFs Tumble As Trade Fears Intensify: Time To Buy?
Zacks Investment Research | Jun 25, 2018 10:20PM ET
Semiconductors stocks took a huge beating in Monday’s session following reports that the Trump administration is seeking to curb many Chinese companies from investing in U.S. technology firms and block additional technology exports to that country.
The Treasury Department is working on the rules to block companies with at least 25% Chinese ownership from buying companies involved in "industrially significant technology.” The measures are expected to be announced by the end of this week and are intended to counter Beijing's Made in China 2025 strategic plan. Under this plan, China wants to become a global leader in 10 broad areas of technology, including information technology, aerospace, electric vehicles and biotechnology (read: Zacks Investment Research
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