Chip stocks tumble on fears of tighter China curbs, Trump’s Taiwan comments

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 22 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 47%
  • Publisher: 92%

China أخبار

United States,Revenue,Taiwan

Trump’s comments spark selloff

U.S. chip stocks fell more than 4% on Wednesday after Republican presidential nominee Donald Trump sounded lukewarm about defending Taiwan and a report that Washington is mulling tighter curbs on export of advanced semiconductor technology to China.

The curbs have dented U.S. chipmakers’ sales to China. Nvidia’s revenue from China stood at about 18% of its total revenue in the quarter ended April 28, compared to 66% in the year-ago period. Taiwan plays an outsized role in the global chip supply chain as it is home to some of the world’s biggest and smaller semiconductor makers, with analysts warning that any conflict over the island may shatter the global economy.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 5. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين