China’s AMEC surges on being dropped from US blacklist after legal threat By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
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Source: Investing.com
AMEC's Stock Surge: Shares of Chinese chipmaker AMEC rose nearly 4% after the U.S. Department of Defense removed the company from a blacklist that accused it of ties to the Chinese military.
Impact on China's Chipmaking: AMEC, a significant player in China's chipmaking sector, had previously contested its blacklist status and is crucial for enhancing China's local chip manufacturing capabilities amid restrictions on advanced U.S. technologies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
