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Authorities investigate speculation with chips for cars

China’s State Administration for Market Regulation is investigating suspicions that intermediaries deliberately drove up the prices of semiconductors. Allegations are centered around chip hoarding intended for the automotive industry and price-fixing before reselling them. This was reported by the Wall Street Journal and various other news sources. It was evident from the announcement which companies were among the accused. The automotive industry is currently suffering from supply bottlenecks for chips as it is. fin

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