Samsung, SK Hynix Sag After US Revokes China Chip Permits

The article discusses the impact on Samsung Electronics Co. and SK Hynix Inc. following the U.S. government's decision to revoke China chip permits. The key points are: 1. The Trump administration has made it more difficult for the world's largest memory chipmakers, Samsung and SK Hynix, to ship critical equipment to their manufacturing facilities in China. 2. As a result, the shares of both companies declined on Monday, indicating the potential impact of this decision on their operations and financial performance. 3. The move by the U.S. government is likely to disrupt the global supply chain and affect the production and distribution of memory chips, which are crucial components for various electronic devices. 4. The decision is seen as part of the ongoing trade tensions between the U.S. and China, where the former is attempting to limit the technological capabilities of the latter. 5. The article suggests that this decision could have broader implications for the semiconductor industry and the global technology landscape.