Reuters carried the report, ICYMi:

• Department of Commerce sent a letter to TSMC imposing export restrictions on certain sophisticated chips, of 7 nanometer or more advanced designs, destined for China that power AI accelerator and graphics processing units (GPU), according to a person familiar with the matter.

Taiwan Semiconductor Manufacturing Co., the world’s largest maker of advanced chips.

The news is weighing on the price of the shares, although dozens of other semiconductor A-Shares are limit up.

This article was written by Eamonn Sheridan at www.forexlive.com.