Sector Update: Tech Stocks Rebound in Afternoon Trade

Technology stocks returned to positive ground late Friday, with the SPDR Technology Select Sector ETF (XLK) rising 0.1% and the Philadelphia Semiconductor Index advancing 0.4% this afternoon, reversing an early slide. In company news, Knightscope (KSCP) rose 3.9% after saying an unnamed client will use one of its K5 autonomous security robots at a storage…

China to Ramp Up High-Volume Production Using 14nm Node by End of 2022

U.S. Wants China’s SMIC to Stop Making 14nm Chips

When the U.S. Department of Commerce (DOC) restricted access of China’s largest contract chipmaker Semiconductor Manufacturing International Corp. (SMIC) to fab equipment used to make10nm-class chips, it was considered a tough but not too severe move. Now the U.S. government is mulling restricting China from producing logic chips using a 14nm-class fabrication process.  The DOC is…