Alchip shares plunge by daily limit for fourth day
PHYTIUM FALLOUT:
Minister of Economic Affairs Wang Mei-hua said the nation’s chip firms would adhere to US rules after the US added Chinese firms to its entity list
By Chen Cheng-hui / Staff reporter
Alchip Technologies Ltd (世芯), which designs application-specific ICs for other companies, yesterday saw its shares fall by the maximum daily limit of 10 percent for the fourth consecutive session after a key customer was blacklisted by the US Department of Commerce’s Bureau of Industry and Security on Thursday last week.
Alchip on Tuesday said that it had stopped shipments to Chinese semiconductor company Phytium Information Technology Co (飛騰信息技術), which was placed on the US entity list along with six other Chinese companies.