US Semiconductor Stocks Edge Higher After Biden Launches Trade Probe Into Chinese Chips

U.S. semiconductor stocks mostly edged higher in premarket trading on Tuesday after the Biden administration launched a new trade investigation into Chinese-made legacy semiconductors. The probe, initiated under Section 301 of the Trade Act of 1974, could lead to additional tariffs on older Chinese chips that are used in everyday products such as automobiles, washing machines, and telecom gear. Technology saw gains of around 1.8%, 1.8%, and 0.4%, respectively.

Meanwhile, ETFs tracking the sector, including the SOXX and SMH, rose by 0.3% and 0.2%. Micron (NASDAQ:MU) shares advanced by 1.9%. The investigation is aimed at protecting U.S. semiconductor producers from China’s state-driven expansion of its chip industry, which has enabled Chinese companies to offer chips at artificially lower prices. U.S. Trade Representative Katherine Tai stated that the probe would help safeguard U.S. market competition and ensure that China does not dominate the global semiconductor market. While the investigation will be completed under President-elect Donald Trump’s administration, the Biden administration's decision to move forward now could result in new tariffs on Chinese semiconductors.Reuters reported that China's commerce ministry said the probe raises concerns about potential disruptions to global chip supply chains

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Semiconductor Stocks Exposed To China With Tariffs IncomingSemiconductor stocks face increasing risk in 2025 as tariffs and geopolitical risk rise. I analyze which semiconductors have the highest and lowest exposure to China.
Herkunft: ForbesTech - 🏆 318. / 59 Weiterlesen »

Nvidia Correction Sparks Rotation in Semiconductor StocksNvidia shares fell into correction territory after a recent surge, but the market's rotation into other semiconductor and AI-related stocks continues.
Herkunft: nbcsandiego - 🏆 524. / 51 Weiterlesen »

Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on ChinaShares of major Asian chip stocks mostly rose on Tuesday, shrugging off the U.S. announcing new emiconductor export controls on China. 
Herkunft: nbcsandiego - 🏆 524. / 51 Weiterlesen »

Trump’s China Tariffs Could Reshape These 2 Semiconductor StocksStocks Analysis by Jea Yu covering: Intel Corporation, Microsoft Corporation, Alphabet Inc Class A, Qualcomm Incorporated. Read Jea Yu 's latest article on Investing.com
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »