June 16 (UPI) -- China's tech company Huawei and SMIC, a contract chip manufacturer, have been added to Taiwan's trade blacklist. Taiwan put both of these companies on its strategic high-tech commodities entry list. Huawei and SMIC will now need to get export permits from suppliers in Taiwan to receive manufactured goods.

The United States is pressing Vietnam to curb the use of Chinese technology in electronics assembled for export to American markets, according to multiple

It looks like Huawei and SMIC will have a tougher time producing their chips as TSMC places them on its export restriction list.

Here are some of the stocks on the move for Monday, June 16. Chipmakers like Nvidia (NVDA) and Broadcom (AVGO) are on the move after Taiwan imposed export controls on China's Huawei and SMIC. US Steel (X) shares are on the rise after President Trump signed off on its deal to be acquired by Nippon Steel (5401.

Taiwan has blacklisted Huawei and SMIC, along with their subsidiaries, adding them to its strategic high-tech commodities entity list. This move requi