The Ministry of Commerce in China announced on Saturday two investigations targeting the U.S. semiconductor sector, where tech giants such as Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), and Broadcom (AVGO) dominate.
According to a statement on the ministry’s website, the ministry launched an anti-dumping investigation on Sept. 13 targeting imports of certain analog chips manufactured in the U.S.
Another statement announced the launch of an investigation targeting what it identified as “anti-discrimination measures” against China’s integrated circuit sector.
Relevant tickers: Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD), Broadcom (AVGO), Intel Corporation (NASDAQ:INTC), Texas Instruments (TXN), Marvell Technology (MRVL), QUALCOMM (QCOM), Micron Technology (NASDAQ:MU), Analog Devices (ADI), Philadelphia Semiconductor Index (SOX).
This is a developing story. Check back for more updates.