The White House is planning a trade probe into China’s production of older-model semiconductors, The New York Times’ Ana Swanson reports. According to people familiar with the matter and government and industry documents reviewed by the publication, the investigation could ultimately result in tariffs, import bans or other actions on certain Chinese chips and the products that contain them, though the decision about what course to take would fall to the incoming Trump administration. Swanson writes that the Biden administration has been weighing whether to proceed with a trade investigation under two different laws, one of which is Section 232 of the Trade Expansion Act, which focuses on threats to national security and falls to the Commerce Department. The other is option is Section 301 of the Trade Act of 1974, which applies to acts that are “unjustifiable” or “unreasonable” and burden U.S. commerce, and is carried out by the Office of the United States Trade Representative. Publicly traded companies in the space include Advanced Micro Devices (AMD), Intel (INTC), Qualcomm (QCOM), NVIDIA (NVDA), Marvel (MRVL), Texas Instruments (TXN), Micron (MU), Microchip (MCHP), and TSMC (TSM).
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AMD:
- SMCI’s Shocking Nasdaq-100 Exit: Is a Massive Comeback on the Horizon?
- Notable open interest changes for December 16th
- U.S. Considers Appointing GOOGL and MSFT as AI Gatekeepers
- Intel (NASDAQ:INTC) Is Considering Breaking Off Its Manufacturing Lineup
- Time to Make a ‘Warren Buffett Move,’ Says Investor About AMD Stock
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
