Chinese Chip Stocks Jump After Probe Targeting US Semiconductors

Chinese chip stocks surged after the country launched an anti-dumping investigation targeting certain US-made semiconductors, boosting expectations for the domestic industry.

Shares of SG Micro Corp., Suzhou Novosense Microelectronics Co. and 3Peak Inc. all gained by as much as the 20% daily limit.

China may impose anti-dumping tariffs on US analog ICs or restrictive measures on usage of American chips, which is “positive for Chinese suppliers,” Citi analysts including Kevin Chen wrote in a note. As China works to boost domestic industries, local companies should gain market share over time, they said.

The anti-dumping probe by China’s Ministry ...