Geopolitics Alpha

China warns against new U.S. export controls on computer chips

Published . Updated .

Key takeaways

  • China is warning the U.S.
  • Exposed: SMH, SOXX, KWEB, XRT, FXI
  • Market reaction: SOXX −5.8% on the day (still updating); SMH −4.9% on the day (still updating); NVDA −3.8% on the day (still updating)

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China warns against new U.S. export controls on computer chips

China is warning the U.S. against putting new export controls on semiconductors in the wake of the scandal surrounding​ AI chip giant Nvidia and its now-former CEO Jensen Huang.

Directly affected

  • NVDA Nvidia

    Named in this report.

Indirectly affected

  • SMH VanEck Semiconductor ETF

    VanEck Semiconductor ETF: it holds chipmakers. Linked by “chips” (semiconductors) in this story.

  • SOXX iShares Semiconductor ETF

    iShares Semiconductor ETF: it holds chipmakers. Linked by “chips” (semiconductors) in this story.

  • QQQ Invesco QQQ

    Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • KWEB KraneShares CSI China Internet ETF

    KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “china” (Chinese tech) in this story.

  • FXI iShares China Large-Cap ETF

    iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”).

  • ASML ASML Holding N.V

    ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “chips” (semiconductors) in this story.

  • TSM Taiwan Semiconductor Manufacturing

    Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chips” (semiconductors) in this story.

  • AVGO Broadcom

    Broadcom (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chips” (semiconductors) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
NVDA+12.42%+1.63%base-3.79%after closeafter closeafter close
SMH-7.61%-3.62%base-4.93%after closeafter closeafter close
SOXX-11.91%-5.47%base-5.77%after closeafter closeafter close
QQQNo price data for this ticker———————
KWEB+8.65%+5.07%base-0.35%after closeafter closeafter close
FXI+4.36%+2.79%base-0.37%after closeafter closeafter close
ASML-4.85%+0.72%base-1.56%after closeafter closeafter close
TSM-7.50%-2.24%base-2.64%after closeafter closeafter close
AVGONo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

China warns against new U.S. export controls on computer chips Yahoo

Source: Yahoo

How far Vaneck Etf Trust (SMH) has moved since 13 Nov 2026

CompanyWhenMoveStatus
Asml Holding (ASML)that day-1.56%still updating
Asml Holding (ASML)three days earlier+0.72%final price
Asml Holding (ASML)five days earlier-4.85%final price
Ishares China Large-Cap Etf (FXI)that day-0.37%still updating
Ishares China Large-Cap Etf (FXI)three days earlier+2.79%final price
Ishares China Large-Cap Etf (FXI)five days earlier+4.36%final price
Kraneshares Csi China Internet Etf (KWEB)that day-0.35%still updating
Kraneshares Csi China Internet Etf (KWEB)three days earlier+5.07%final price
Kraneshares Csi China Internet Etf (KWEB)five days earlier+8.65%final price
Nvidia (NVDA)that day-3.79%still updating
Nvidia (NVDA)three days earlier+1.63%final price
Nvidia (NVDA)five days earlier+12.42%final price
Vaneck Etf Trust (SMH)that day-4.93%still updating
Vaneck Etf Trust (SMH)three days earlier-3.62%final price
Vaneck Etf Trust (SMH)five days earlier-7.61%final price
Ishares Tr (SOXX)that day-5.77%still updating
Ishares Tr (SOXX)three days earlier-5.47%final price
Ishares Tr (SOXX)five days earlier-11.91%final price
Taiwan Semiconductor Manufacturing (TSM)that day-2.64%still updating
Taiwan Semiconductor Manufacturing (TSM)three days earlier-2.24%final price
Taiwan Semiconductor Manufacturing (TSM)five days earlier-7.50%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Vaneck Etf Trust (SMH)

Companies carried with this story

  • SMH Vaneck Etf Trust

    Vaneck Etf Trust (SMH) is linked, with no stored direction, medium confidence in the 13 Nov 2026 story “China warns against new U.S. export controls on computer chips.” Reason on file: VanEck Semiconductor ETF: it holds chipmakers. Linked by “chips” (semiconductors) in this story

  • SOXX Ishares Tr

    Ishares Tr (SOXX) is linked, with no stored direction, medium confidence in the 13 Nov 2026 story “China warns against new U.S. export controls on computer chips.” Reason on file: iShares Semiconductor ETF: it holds chipmakers. Linked by “chips” (semiconductors) in this story

  • KWEB Kraneshares Csi China Internet Etf

    In “China warns against new U.S. export controls on computer chips,” Kraneshares Csi China Internet Etf (KWEB) is linked, with no stored direction, medium confidence. Reason on file: KraneShares CSI China Internet ETF: it holds Chinese internet companies. Linked by “china” (Chinese tech) in this story

  • XRT Spdr Series Trust

    For “China warns against new U.S. export controls on computer chips,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Retail ETF: it holds retailers. Linked by “china” (retail and consumer goods) in this story

  • FXI Ishares China Large-Cap Etf

    In “China warns against new U.S. export controls on computer chips,” Ishares China Large-Cap Etf (FXI) is linked, with no stored direction, medium confidence. Reason on file: iShares China Large-Cap ETF holds stocks listed in China, which this story is about (“china”)

  • ASML Asml Holding

    In “China warns against new U.S. export controls on computer chips,” Asml Holding (ASML) is linked, with no stored direction, medium confidence. Reason on file: ASML Holding N.V (special industry machinery): chip demand, export rules and supply drive chipmakers' shares. Linked by “chips” (semiconductors) in this story

  • NVDA Nvidia

    In “China warns against new U.S. export controls on computer chips,” Nvidia (NVDA) is linked, with no stored direction, medium confidence. Reason on file: Nvidia (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chips” (semiconductors) in this story

  • TSM Taiwan Semiconductor Manufacturing

    In “China warns against new U.S. export controls on computer chips,” Taiwan Semiconductor Manufacturing (TSM) is linked, with no stored direction, medium confidence. Reason on file: Taiwan Semiconductor Manufacturing (semiconductors and related devices): chip demand, export rules and supply drive chipmakers' shares. Linked by “chips” (semiconductors) in this story

Vaneck Etf Trust (SMH)

Vaneck Etf Trust (SMH) is the company in “China warns against new U.S. export controls on computer chips,” the 13 Nov 2026 this story story.

Vaneck Etf Trust (SMH) is on the page because VanEck Semiconductor ETF: it holds chipmakers. Linked by “chips” (semiconductors) in this story

A second company, Ishares Tr (SOXX), is listed for a different reason: iShares Semiconductor ETF: it holds chipmakers. Linked by “chips” (semiconductors) in this story

The price range for Vaneck Etf Trust (SMH), and the dates in the story

KWEB traded between 22.90 and 25.02 across 20 sessions. The latest close on file is 23.13. SMH traded between 506.51 and 639.33 across 20 sessions. The latest close on file is 508.07. SOXX traded between 452.10 and 596.35 across 20 sessions. The latest close on file is 453.73.

What the saved facts support for Vaneck Etf Trust (SMH)

46 out of 100Price not final

“China warns against new U.S. export controls on computer chips” scores 46 out of 100. The score uses 1 sources, and 8 linked companies. The price is not final yet.