Chinese semiconductor-related stocks rose on Monday after Beijing banned major infrastructure operators from using products made by US firm Micron Technology.
Semiconductor Manufacturing International, China’s largest chip maker, added about 2 percent in morning trade, while Hua Hong Semiconductor, the country’s second largest, gained 2.1 percent in Hong Kong.
Smaller GigaDevice Semiconductor, Ingenic Semiconductor and Shenzhen Kaifa Technology rose 1.3 percent, 3.3 percent and 0.9 percent, respectively.
Beijing on Sunday banned major infrastructure operators from purchasing products made by Micron, based in Boise, Idaho, over security concerns, following a review that began in April.
