China’s Micron ban revives US trade tensions, fuels Asian chip rally
Written by Black Hot Fire Network on May 22, 2023
SEOUL, May 22 (Reuters) - A move by Beijing to bar U.S. firm Micron Technology Inc (MU.O) from selling memory chips to key domestic industries has ramped up tensions in an ongoing trade spat with Washington and lifted shares of firms that could benefit from the move.