HK-listed chipmakers fall on report Japan, Netherlands to join restricting exports to China

ASMPT

27/01/2023 05:26

HONG KONG, Jan 27 (Reuters) -    ** Hong Kong shares of
chipmakers fall on report of a meeting to be held on Friday
between U.S., Dutch and Japan officials in Washington on chip
export controls on China
    ** Hong Kong shares of SMIC  0981.HK  fall 1.1% to HK$18.2,
Hua Hong Semiconductor  1347.HK  drops 1.4% to HK$32.8, ASM
Pacific Technology  0522.HK  declines 2.9% to HK$66.05
    ** Japan and Netherlands are poised to join the U.S. in
limiting China's access to semiconductor machinery, according to
a Bloomberg report, and talks can conclude as early as Friday
U.S. time and the move could stifle China's ambitions in
building its domestic capabilities  urn:newsml:reuters.com:*:nL4N34C0EM
    ** China is working on a more than 1 trillion yuan ($147.44
billion) support package for its semiconductor industry in a
major step towards self sufficiency in chips and to counter U.S.
moves aimed at slowing its technological advances, sources told
Reuters  urn:newsml:reuters.com:*:nL1N3330E0
    ** Hong Kong's Hang Seng Tech Index  .HSTECH  is down 0.3%,
and the Hang Seng Index  .HSI  is down 0.07%.
($1 = 6.7825 Chinese yuan)
 (Reporting by Georgina Lee)
 ((Georgina.Lee@thomsonreuters.com;))