China’s legacy chipmakers surge after Beijing targets US analogue ICs

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Shares of China’s domestic legacy chipmakers, including SG Micro and 3Peak, surged on Monday after Beijing’s weekend announcement of an anti-dumping investigation into imported US semiconductors.The government’s probe into imported “analogue integrated-circuit (IC) chips” – widely used in home appliances, machinery and electric vehicles – marked the first-ever anti-dumping probe into imported IC products as the country makes steady progress in developing domestic alternatives for these...