Trump’s Huawei ban takes its toll on US semiconductor shares

Citic Securities called the US ban on Huawei “a warning bell” for China’s chip industry, highlighting the importance of establishing independent supplies in the chip industry chain.

But China’s semiconductor sector has gained nearly 5% so far this week, bolstered by a burst of patriotic buying. The sector has far outperformed the broad index, which is down 1.7%. The US ban on Huawei has roiled the global supply chain, “potentially creating opportunities for China to re-establish industry order, but what matters is whether the companies have the ability to capitalise on it”.

“If Trump orders bans, we will be greatly affected. The current Sino-US trade war indeed impacts China’s hi-tech development.”According to a report from Everbright Securities, Chaozhou Three Circle and Will Semiconductor Shanghai, two companies whose share prices jumped, produce technology that could only “partially replace” that of US suppliers.

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