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  • Shares in China's biggest chipmaker plunged on Monday following weekend media reports that Washington has placed export controls on the company, the latest salvo in the battle for technological dominance over Beijing. Semiconductor Manufacturing International Corp (SMIC) opened 7.64 percent down at HK$17.10 in Hong Kong on Monday morning after US companies were ordered by the Commerce Department to seek permission before selling technologies to the chip giant. jta/axn
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  • China chip giant SMIC shares plunge 7.64% after US export controls
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