Zero Hedge — Blowback - Nasdaq Plunges After China Blocks Micron Chip Sales

Potentially in response to Trump's actions on China Mobile, a Chinese court temporarily banned Micron Technology chip sales, cutting the U.S. company off from the world’s largest semiconductor market. 

Yesterday we specifically warned that following yet another targeted attack at a prominent Chinese company, it is only a matter of time before China responds in kind, and considering the size and prominence of China Mobile, one wonders howlong until China takes aim at none other than the world's largest company, Apple… 

Bloomberg reports that in a patent ruling in favor of Taiwanese rival United Microelectronics (UMC), the Fuzhou Intermediate People’s Court of the People’s Republic of China issued a preliminary injunction stopping Micron from selling 26 products, including dynamic random access memory and Nand flash memory-related products, UMC said in a statement Tuesday....

Zero Hedge
Blowback - Nasdaq Plunges After China Blocks Micron Chip Sales

Tyler Durden