Trump election spurs new surge in China chip stocks

Foundry SMIC and others look to benefit as Beijing accelerates self-sufficiency drive

20241115N China chip

China has been working to bolster its domestic semiconductor industry amid its tech rivalry with the U.S. © Reuters

NORIYUKI DOI, Nikkei staff writer

SHANGHAI -- Former U.S. President Donald Trump's pending return to office has fueled a major rally among semiconductor stocks in China, with tougher American policies seen accelerating Beijing's push to bolster its domestic chip industry.

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