Chinese Chipmakers Slump as Beijing Sends Speculation Warning

Semiconductor stocks slide following state media commentary
Investors face risk of Beijing’s tightening regulatory grip

WATCH: China’s widening crackdown on tech continues. Bloomberg’s Stephen Engle reports.(Source: Bloomberg)

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By Jeanny Yu

August 9, 2021 at 4:18 AM UTC

Updated on

August 9, 2021 at 8:27 AM UTC

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China’s microchip industry is feeling the heat of Beijing’s regulatory scrutiny.

A warning in state media Friday that regulators will show no tolerance in cracking down on speculators in the chip market sent related stocks lower on Monday.