SEOUL (Reuters) – Shares of SK Hynix , the world’s No.2 memory chip maker after Samsung Electronics , fell 3.2% on Monday after the United States on Friday moved to curb shipments of semiconductors to Huawei from global chipmakers.
Samsung Electronics shares were down 0.2%, while the wider market <.ks11> was largely flat.
The U.S. Commerce Department said it had amended an export rule and, under the change, foreign companies that use U.S. chipmaking equipment will be required to obtain a U.S. license before supplying certain chips to China’s Huawei.
Huawei Technologies is the world’s No.2 smartphone maker.
(Reporting by Hyunjoo Jin and Heekyong Yang; Editing by Himani Sarkar)
