SMIC, HUA HONG SEMI Tick Up after Opening Lower; Trump: CN Has Not Approved Purchase of H200 Chips
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SMIC and HUA HONG SEMI saw slight recoveries after opening lower, with SMIC up 0.91% and HUA HONG SEMI up 3.11%. Meanwhile, Trump confirmed that China has not approved the purchase of H200 AI chips, despite earlier reports of US approval for sales to Chinese companies. Trade discussions did not cover chip export controls.
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