SEOUL/TOKYO -- Shares of SK Hynix and Samsung Electronics fell sharply on Monday after the U.S. announced that it would revoke their licenses to transfer American chipmaking equipment and technology to their subsidiaries in China, casting uncertainty over the South Korean chipmakers' business in the country.
Technology
SK Hynix, Samsung shares tumble after US revokes China licenses
Tech sell-off spreads to Japan after American market jitters
The U.S. Department of Commerce plans to remove Samsung Electronics and SK Hynix from its list of so-called validated end-user authorizations, forcing them to apply for an approval every time they transfer U.S. commodities, software or technology to their Chinese operations. (Source photos by Reuters)
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