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May 21, 2019

Huawei ban prompts sell-off in chipmakers

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

Chipmakers and other technology companies pulled U.S. stocks lower Monday, extending the market's losses into another week.

The U.S. decision to ban technology sales to China's Huawei hammered the tech sector, particularly chipmakers. About one-third of Huawei's suppliers are American chipmakers and investors are worried that the action against Huawei could crimp sales for companies with revenue heavily tied to China.


 
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