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Stock impact report

Exclusive-US orders multiple chip equipment companies to halt some shipments to China's No. 2 chipmaker Hua Hong [Yahoo! Finance Canada]

Lam Research Corporation (LRCX) 
Last lam research corporation earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lamresearch.com
certain tool shipments to China's second-largest chipmaker, Hua Hong, its latest action to slow the country's development of advanced chips, according to two people familiar with the matter. The department ?sent letters to at least a handful of companies informing them of the new restrictions on tools and other materials destined for Hua Hong facilities ?that U.S. officials believe may make China's most sophisticated chips, the people said. Top U.S. chip equipment companies Lam Research, Applied Materials and KLA, each of which has significant business supplying China, were among those ?believed to have received a letter, the sources added. Reuters exclusively reported in March that Hua Hong Group had developed advanced chip manufacturing technologies that could be used to produce artificial intelligence chips, a milestone in Beijing's efforts to boost tech self-sufficiency. The group's contract chipmaking business, Huali Microelectronics, was preparing a 7-nanometer chipmaking pr Show less Read more
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