China's biggest chipmaker SMIC plunged a fifth on Monday in response to news of potential U.S. sanctions against the company, wiping $28 billion off its market value and prompting analysts to predict doom if a ban is implemented.China's biggest chipmaker SMIC plunged a fifth on Monday in response to news of potential U.S. sanctions against the company, wiping $28 billion off its market value and prompting analysts to predict doom if a ban is implemented.
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