Should US Chipmakers Fear China’s Semiconductor Ambitions?

Chips by Tsinghua Unigroup at the 2020 World Semiconductor Conference in Nanjing in China's eastern Jiangsu Province on Aug. 26, 2020. STR/AFP via Getty Images

News Analysis

U.S. technology stocks suffered the biggest two-day loss since March on Sept. 3 and 4. Leading the way downward were U.S. chipmakers that underperformed the broader sector following the news that China is planning policy changes to boost its domestic semiconductor industry.