** Chinese semiconductors surge as fresh U.S. chipmaking curbs against China fuelled patriotic bets on tech independency
** U.S. orders Taiwan Semiconductor Manufacturing Co (2330.TW) to halt shipments of advanced chips used in AI apps to Chinese customers from Monday, a source told Reuters
** China Fortune Securities says tech self-reliance an inevitable trend in the long term and the Chinese suppliers' market will rise despite short-term impact of the TSMC shipment curb
** Adds U.S. may further strengthen curbs against China's tech advancement under Donald Trump's presidency
** Cinda Securities also anticipates fresh tech restrictions against China after Trump assumes office
** Says "rising external pressure will likely accelerate innovation and technology breakthroughs by domestic chipmakers"
** CSI Semiconductor Index .CSI931865 jumps more than 6% to near three-year high, while the CSI Integrated Circuits Index .CSI932087 adds 5%; tech-focused STAR100 Index .STAR100 gains more than 3%
** In Hong Kong, SMIC 0981.HK jumps 6.7% to HK$30.45, highest since Oct. 23, Hua Hong Semiconductor 1347.HK adds 11.6% to HK$25.55, highest since Oct. 9
(Reporting by Shanghai newsroom)
((samuel.shen@tr.com))
Comments