The U.S. International Trade Commission (USITC) on Friday (14) investigated TSMC, Samsung Electronics and Qualcomm over some semiconductors and integrated circuits (ICs), as well as mobile devices using these components.
The U.S. International Trade Commission received a complaint from Daedalus Prime last month. After voting to launch an investigation, it stated that the Commission will investigate certain semiconductors made by TSMC and Samsung, and certain integrated circuits produced by Samsung and Qualcomm.
Daedalus Prime filed a complaint with the U.S. International Trade Commission on September 13, accusing TSMC and its North American companies, Samsung Electronics and its U.S. companies, and Qualcomm for importing and selling certain semiconductors and mobile device components in the U.S. Section 337 of the Act, thus requiring the Commission to issue an injunction and an order to stop the sale.
The U.S. International Trade Commission said in a statement on Friday that it will make a final decision on the investigation as soon as possible and determine the end of the investigation within 45 days following the case is filed.
Relief orders issued by the USITC in 337 cases are effective from the date of issuance and final on the 60th day following the date of issuance, except where USTR vetoes for policy reasons.
10-year U.S. Treasury yieldFriday’s jump of more than 4%, the sell-off in tech and semiconductor stocks loomed, with Qualcomm (QCOM-US) closed at 2.58%, TSMC ADR (TSM-US) fell 4.05%.
