China Seeks Information from US Chipmakers in Anti-Dumping Probe

MT Newswires Live
Oct 22

China's Ministry of Commerce on Wednesday released questionnaires requiring some US semiconductor firms for information on sales activities in China, including cost and profit comparisons between their operations in the US and China.

The forms also ask for names of Chinese customers, transaction details, and raw material supplier information as part of an anti-dumping investigation.

Companies have 37 days to respond, Bloomberg reported.

Though specific firms haven't been named, products are typically supplied by companies like Texas Instruments (TXN) and Analog Devices (ADI), Bloomberg reported.

The investigation targets analog IC chips, which are key components in electronics such as smartphones, EVs, and medical devices, despite the fact that they do not require cutting-edge manufacturing, the Bloomberg report said.

Texas Instruments and Analog Devices did not immediately respond to MT Newswires' request for comment on the matter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10