Asian shares fall as technology shares pull benchmarks lower

TOKYO (AP) — Asian shares were mostly lower on Tuesday as losses in technology-related shares weighed on global benchmarks. Taiwan dropped 4% after reopening from a holiday in the first trading session since the U.S. imposed new limits on exports of semiconductors and chip-making equipment to China. TMSC, the world’s biggest chipmaker, plunged 7.8%. Japan’s…

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Commerce tightens export controls on high end chips to China

The Commerce Department is tightening export controls to limit China’s ability to get advanced computing chips, develop and maintain supercomputers, and make advanced semiconductors. The department said Friday that its updated export controls are focusing on these areas because China can use the chips, supercomputers and semiconductors to create advanced military systems including weapons of…

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