---
title: "Understanding the Market | Chip stocks lead the decline, Hua Hong Semiconductor down over 8%, SMIC down over 5%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/267098882.md"
description: "Chip stocks are among the biggest decliners. As of the time of publication, Hua Hong Semiconductor fell 8.05%, trading at HKD 67.35; SMIC dropped 5.6%, trading at HKD 64.95. According to media reports cited by Global Times, the Trump administration is considering approving the export of NVIDIA's H200 artificial intelligence chips to China. The report cites sources familiar with the matter, stating that the U.S. Department of Commerce, which oversees U.S. export controls, is reviewing changes to export restrictions to China, and that related plans may change. The report notes that the U.S. Department of Commerce has not yet responded to this, and NVIDIA has not directly commented on the matter"
datetime: "2025-11-24T02:06:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/267098882.md)
  - [en](https://longbridge.com/en/news/267098882.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/267098882.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/267098882.md) | [繁體中文](https://longbridge.com/zh-HK/news/267098882.md)


# Understanding the Market | Chip stocks lead the decline, Hua Hong Semiconductor down over 8%, SMIC down over 5%

According to Zhitong Finance APP, chip stocks are among the biggest losers. As of the time of publication, Hua Hong Semiconductor (01347) is down 8.05%, trading at HKD 67.35; SMIC (00981) is down 5.6%, trading at HKD 64.95.

On the news front, according to reports cited by Global Network, the Trump administration is considering approving the export of H200 artificial intelligence chips from American chip manufacturer NVIDIA to China. The report cites sources familiar with the matter, stating that the U.S. Department of Commerce, which oversees U.S. export controls, is reviewing changes to export restrictions to China, and that related plans may change. The report notes that the U.S. Department of Commerce has not yet responded to this, and NVIDIA has not directly commented on the matter

### Related Stocks

- [SMIC (688981.CN)](https://longbridge.com/en/quote/688981.CN.md)
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- [Hua Hong (688347.CN)](https://longbridge.com/en/quote/688347.CN.md)
- [HUA HONG SEMI (01347.HK)](https://longbridge.com/en/quote/01347.HK.md)

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