Shares in Chinese tech giants Alibaba and Tencent as well as in chipmakers slump following the latest U.S. crackdown on China's chipmaking industry to slow Beijing's technological and military advances
as well as in chipmakers slumped on Monday, following the latest U.S. crackdown on China's chipmaking industry to slow Beijing's technological and military advances.of export controls on Friday, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. equipment.
The rules include blocking shipments of a broad array of chips for use in Chinese supercomputing systems that nations around the world rely on to develop nuclear weapons and other military technologies.Some industry experts say the ban could also hit commercial data centers at Chinese tech giants.An index measuring China's semiconductor firms
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