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The US is considering action against memory chip manufacturers in China

WASHINGTON, Aug 1 (Reuters) – The United States is considering limiting shipments of U.S. chip-making equipment to memory chip makers in China, including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, as part of a bid to stop China’s semiconductor sector is advancing and protecting American companies. If President … Read more

Oil falls as weak China factory fan calls for concern

SINGAPORE, Aug 1 (Reuters) – Oil prices fell on Monday, as weak production figures from China and Japan for July weighed on the outlook for demand, while investors braced for a meeting of officials from OPEC and other major producers on supply adjustments this week. Brent crude futures were down $1.19, or 1.1%, at $102.78 … Read more