Global chip stocks from Nvidia to ASML fall on geopolitics, Trump comments

Global chip stocks fell sharply with ASML, Nvidia and TSMC hit amid reports of tighter export restrictions from the U.S. and a ramping up of geopolitical tensions.

Bloomberg reported on Wednesday that the Biden administration is considering using a wide-sweeping rule to clamp down on companies exporting their critical chipmaking equipment to China.posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fuelled by comments from former U.S.

Washington's foreign direct product rule, or FDPR, allows the U.S. to put controls on foreign-made products even if they use the smallest amount of American technology. This can affect non-U.S. companies. CNBC has reached out to the U.S. State Department, the Bureau of Industry and Security and the Office of the U.S. Trade Representative for comment on the report.in the second quarter. However, 49% of its sales over the period took place in China — highlighting how much is at risk for the firm, in the event of tighter restrictions. ASML makes the machines that are required to manufacture the most advanced chips in the world.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower. U.S. futures and oil prices fell. The Japanese government reported that the inflation rate ticked higher for the first time in three months, to 2.5% in May, up from 2.2% in April.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »

Stock market today: Global shares mostly decline as Nvidia weighs on Wall StreetGlobal shares are mostly lower after a retreat on Wall Street, where a drop in Nvidia stock pulled stocks lower.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

Stock market today: Global stocks mixed after Nvidia tumbles again as AI mania coolsWorld stocks are mixed after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »

Stock market today: Global stocks mixed after Nvidia tumbles again as AI mania coolsWorld stocks are mixed after another slide for Wall Street heavyweight Nvidia kept U.S. indexes mixed Monday, even as the majority of stocks rallied.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »

Nvidia's half-a-trillion dollar wipeout leaves global chip stocks volatileGlobal semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »