Original title: ZTE implicates technology sector
Sihai network technology news yesterday, the United States on the purchase of ZTE's announcement, stirred the capital market. ZTE's technology sector fell sharply. It's not only the high-tech sector of a shares that has been hurt, but also the ZTE suppliers in the US stock market.
On the evening of the 16th, the US Department of Commerce issued a ban on ZTE's export rights, banning US companies from selling parts, goods, software and technology to ZTE for a period of seven years. This is the second time that the US Department of Commerce has imposed sanctions on ZTE since 2016.
As soon as the news came out, the stock prices of several US suppliers of ZTE fell. For example, the share price of Oclaro (oclr) fell by 15.18%, and the share price of Acacia communications, Inc. (ACIA) fell by 35.97%.
Also injured are the A-share technology sector. As of the close of the 17th, security, artificial intelligence, home appliances, computer hardware and software, electronic components, devices and many other sectors were among the top decliners. The shares of security giant Hikvision and Dahua Co., Ltd. both fell more than 6%. On the interactive e-commerce platform, a number of companies such as fullman electronics and Yilian network were asked by investors whether they would be affected.
ZTE's sanctions can be traced back to 2016. On March 7 of that year, ZTE announced that the US Department of Commerce planned to impose export restrictions on the company. One year later, ZTE announced on March 8, 2017 that ZTE had reached an agreement with the industry and security administration of the US Department of Commerce (BIS) and others. In view of the company's violation of us export control laws and its violation of relevant US laws and regulations in the course of the investigation for providing information and other acts, ZTE agreed to pay a total fine of US $892 million. In addition, BIS also imposed a fine of US $300 million on the company for suspending the implementation, which will be exempted from payment after the company fulfills the requirements of the agreement reached with BIS within the seven-year suspension period.
At present, the market is generally worried that the United States will further broaden the scope of sanctions. Once other companies are involved, it will have an impact on the high-tech industry.
Industry insiders believe that in the context of Sino US trade friction, the US Department of Commerce's ban is not only to curb the development of ZTE's individual companies, but also likely to affect China's fast-growing 5g industry.
The sanctions once again show the importance of domestic substitution of chips. With the increasing investment of the state, the opportunities of domestic chips are highlighted, and the company with practical research and development is expected to grow into a giant in the tuyere. "Some R & D personnel of domestic chip companies emphasized. Changchuan technology, North Huachuang, Jiang Huawei and other domestic chip concept stocks rose against the trend yesterday, reflecting this market expectation.
Xiaobian believes that the ZTE purchase ban has a great impact on the domestic chip industry. However, at the same time, it will also accelerate the process of chip R & D in China. It is suggested that you pay attention to the beneficiary stocks: Huali chuangtong, Wuhan Fangu, Guangxun technology, Ziguang Guoxin, Quanzhi technology, etc.