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Live news: China semiconductor stocks rise after ban on US chipmaker

Chinese semiconductor-related stocks rose on Monday after Beijing banned operators of key infrastructure from utilizing merchandise made by US firm Micron Technology.

Semiconductor Manufacturing International Corporation, China’s largest contract chipmaker, added about 2 per cent in morning buying and selling, whereas Hua Hong Semiconductor, the nation’s quantity two, gained 2.1 per cent in Hong Kong.

Smaller firms GigaDevice Semiconductor, Ingenic Semiconductor and Shenzhen Kaifa Technology rose 1.3 per cent, 3.3 per cent and 0.9 per cent respectively.

Beijing on Sunday banned operators of key infrastructure from shopping for merchandise made by the Boise, Idaho-based Micron over safety issues, following a assessment that began in April.

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