Chip Industry Shares Fall After US House Panel Slams China Sales

Semiconductor companies including Applied Materials Inc. and ASML Holding NV fell after a US House committee said that the industry was boosting China’s semiconductor industry and supporting its military, raising the specter of further export controls.

Applied Materials, ASML, Tokyo Electron Ltd., KLA Corp. and Lam Research Corp. “made sizable returns selling equipment to Chinese state-owned and military-linked companies,” the House China panel saidBloomberg Terminal on Tuesday, citing the companies’ sales data. There is no claim that any tool maker has violated US, Dutch or Japanese law.