Taiwan has officially placed two of China’s most prominent technology firms, Huawei and Semiconductor Manufacturing International Corporation (SMIC) on its strategic export control list.

Taiwan's Ministry of Economic Affairs has added Huawei and SMIC to its newly updated export control list, requiring domestic firms to secure a license from the Bureau of Foreign Trade before shipping goods to either company.

The United States is pressing Vietnam to curb the use of Chinese technology in electronics assembled for export to American markets, according to multiple

It looks like Huawei and SMIC will have a tougher time producing their chips as TSMC places them on its export restriction list.

Here are some of the stocks on the move for Monday, June 16. Chipmakers like Nvidia (NVDA) and Broadcom (AVGO) are on the move after Taiwan imposed export controls on China's Huawei and SMIC. US Steel (X) shares are on the rise after President Trump signed off on its deal to be acquired by Nippon Steel (5401.

Taiwan has blacklisted Huawei and SMIC, along with their subsidiaries, adding them to its strategic high-tech commodities entity list. This move requi