China's Micron Technology ban revives US trade tensions, fuels Asian chip rally

China's Micron Technology ban revives US trade tensions, fuels Asian chip rally

FILE PHOTO: Memory chips by South Korean semiconductor supplier SK Hynix are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

Several Chinese and South Korean chipmaker stocks rallied on Monday after Beijing barred U.S. firm Micron Technology from selling memory chips to key domestic industries over security concerns, reviving Sino-U.S. trade tensions.