US Eyes Samsung, Taiwan Semiconductor, Qualcomm After Restricting Chinese Semiconductors

The U.S. International Trade Commission decided to investigate Samsung Electronics Co, Ltd SSNLF and Taiwan Semiconductor Manufacturing Company Ltd TSM for alleged violations in the import and sale of specific semiconductor devices, mobile devices, and components that infringe patents.
The regulators will also investigate Qualcomm Inc QCOM, Reuters reported.
Also Read: China's Semiconductor Industry 'Decapitated Overnight': What 'Annihilation Looks Like'
Shares in top Chinese chipmakers shed $7.7 billion in market value on October 10, as new U.S export controls restricted the sale of semiconductors made with U.S. technology without a valid export license.
The controls also barred U.S. citizens or entities from working with Chinese chipmakers without explicit approval and limited the export of manufacturing tools.
Samsung bagged a one-year immunity from the new U.S. embargo on exports of advanced chips and related equipment to China.
Price Action: TSM shares traded higher by 1.50% at $64.89 on the last check Monday.