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Technology Stocks : The *NEW* Frank Coluccio Technology Forum -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (46727)2/17/2019 3:27:55 AM
From: elmatador  Read Replies (1) | Respond to of 46803
They want to buy components.

China's top economic-planning agency is proposing an increase in U.S. semiconductor sales to a total $200 billion to China over the next six years, the Journal says, citing U.S. companies briefed on the plan.

They want to guarantee a stash of components to avoid the U.S. doing a ZTE on them.

(The) plan to increase U.S. semiconductor sales to China to a total $200 billion in the next six years — about a five-fold increase over current exports, the Journal reported, citing U.S. companies briefed on the plan.

The olive branch is meant to persuade President Donald Trump to extend a temporary truce over tariffs, according to the report, which cited people with knowledge of the matter.